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Santa Madrona

Santa Madrona

Special Situations Strategy

Badalona, Costa de Barcelona, España

Opportunistic-profile transaction initiated in January 2018 through the acquisition of a loan from SAREB. The manager maximized the return on the transaction through a two-phase structure: (i) management of the credit position and (ii) real estate development of eight units in a prime seafront location in Badalona, on the Barcelona coast.