Edición: cgd

CGD Sees Decrease in Restructuring Funds and Real Estate Assets in 2020

15 February 2021 – Ana Custódio According to Caixa Geral de Depósitos’s (CGD) annual accounts, the bank’s exposure to restructuring funds decreased in 2020, even as it also shed non-performing loans and real estate assets. The bank led by Paulo Macedo, which had €607 million in real estate assets in 2016, saw its exposure fall […]

The Keys Development at Quinta do Lago Sold for €95 Million

10 November 2020 – The Keys mega-development in Quinta do Lago, in the Golden Triangle of the Algarve, has been sold to the company SRESPX – Investments, which is helmed by the entrepreneur Rogério Xavier. The sale followed a previous attempt to unload the asset, whose owner, Birchview, received financing from CGD totalling 307 million […]