La venta por parte de los bancos de grandes carteras de activos inmobiliarios para llevar a cero su exposición al ladrillo ha supuesto un cambio de tendencia en el mercado cuyo principal damnificado es la sociedad que preside Jaime Echegoyen, que ha visto cómo se han ralentizado sus planes de desinversión.
Los acuerdos que han alcanzado últimamente los bancos para llevar prácticamente a cero su exposición al ladrillo han supuesto un cambio de tendencia en el mercado inmobiliario cuyo principal damnificado es la Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria (Sareb), que ha visto cómo se han ralentizado sus planes de desinversión.
En el último año, los principales bancos del país (Banco Santander, BBVA, Caixabank o Banco Sabadell), han cerrado la venta de mega carteras -de varios miles de millones de euros- de activos ligados al sector inmobiliario cuyos compradores suelen ser los grandes fondos de inversión internacionales, como Blackstone, Cerberus o Lone Star.
Esta situación, en un principio, es positiva para Sareb, porque activa el mercado y atrae inversores. El problema es que estos fondos de inversión exigen unos descuentos, que oscilan entre el 57% y el 67%, para quedarse con las carteras a los que la sociedad que preside Jaime Echegoyen no puede hacer frente.
No puede porque una transacción de semejante envergadura con tal descuento consumiría el limitado capital de Sareb. “El mercado ha cambiado, no podemos asumir los descuentos que hacen los bancos”, reconoce un directivo de la sociedad. “Sería una operación que te reduce el balance de tal forma que desapareces”, agrega.
Esto sucede porque la Sareb heredó los activos de las cajas con problemas a un precio elevado. Y a pesar de las provisiones que ha ido realizando desde 2012 siguen sobrevalorados frente a los del sector financiero. La gran diferencia es que los bancos han podido conseguir capital en el mercado para elevar las coberturas, mientras que Sareb tiene cerrada esta vía. (…)
We use own and third party cookies to improve your experience and our services, analyzing browsing on our website. The cookies we use are technical and in no case their use imply the processing of personal data in accordance with opinion 4/2012 of the "Working Party of Article 29" of the European Union.
Cookies are small files that contain certain information about the user's browsing through the web page. Cookies are sent to the user's browser and stored on your computer.
Purpose of cookies
Cookies are used to capture information about the user's browsing, by analyzing it, to find out how the user interacts with www.copernicusservicing.com, and thus optimize the experience of browsing.
Types of cookies
The cookies we use are:
- Analysis Cookies (Google analytics): they allow the monitoring and analysis of the user's behavior in order to introduce improvements according to the user's use of the web page and the services.
According to Google, Google Analytics is a free web analytics tool that mainly allows website owners to know how users interact with their website. It also enables cookies in the domain of the site where you are and uses a set of cookies called "__ utma " and "__ UTMZ " To collect information anonymously and to produce web site trend reports without identifying individual users.
Learn more about Google analytics at:
-Technical cookies: Allow the user to navigate through the website and use their different options or services.
Users can reject the possibility of us using cookies on their terminal computer by configuring their browser, but this will lead to a less satisfying browsing experience that can even be flawed. For more information on deactivating cookies visit:
Copernicus Servicing, S.L., located in Jenner 3, 2º 28010 Madrid, CIF B86641180, registered in the Registro Mercantil of Madrid, volume 30175, pag 211 et seq., sheet M-543169.
These general terms and conditions (‘general terms and conditions’) regulate access and use of any person (‘user’) to the pages included in the web domain https://www.copernicusservicing.com (the ‘web site’), owned by Copernicus Servicing, S.L (‘COPERNICUS’), as well as the contents and services included therein.
Access to this website or its use by the user implies necessarily, and without reservations, the submission and acceptance of the general terms and conditions. Therefore, it is recommended that the user reads them carefully whenever the user wants to enter the website of COPERNICUS.
COPERNICUS reserves the right to change or update the contents and services, the terms and conditions, and, in general, the elements that make up the design and configuration of its website, at any time and without need of previous notification.
Access and use of the website
The user accesses the website under his own responsibility. The contents and services provided on the page are intended to the diffusion on information about the activities developed by COPERNICUS. The contents of the website may not be considered any advice on any issue. COPERNICUS will make sure that the contents and services included on its website are accurate and updated. However, COPERNICUS may not always guarantee this circumstance.
Given that the user can download certain content on the website, COPERNICUS has the necessary infrastructure to prevent damage resulting from the existence of computer viruses. COPERNICUS is not responsible for potential damage or errors which may the computer system (software or hardware) of the user suffer during the access to the website due to the presence of any virus.
In addition, COPERNICUS shall inform the user about the technical specifications that may be necessary to proceed with the download of information and contents of its website.
The user must pay attention to these warning messages, since COPERNICUS is not responsible for damages or losses that may occur to the computer of the user in case of using this website on an improper or negligent way.
Intellectual and industrial property
All content which is part of the website, without any exclusion and not limitations, i.e., information, articles, data, texts, logos, icons, images, design and image of the website (external appearance or look & feel), video files, audio files, databases and software applications, are property of COPERNICUS or are being exploited from third parties under license according to the rights of intellectual and industrial property of the holders. All these contents are protected by the intellectual and industrial property laws.
Any form of reproduction, distribution, public communication, transformation, discharge and, in general, any act of exploitation of all or part of the content (images, texts, designs, rates, forms, etc.) that make up the page, as well as databases and software needed for a display or operation are prohibited in default of the express and prior written permission of COPERNICUS.
The user may create a private copy of the contents solely for its personal use. Any other use or exploitation will require prior authorization and written consent of COPERNICUS. In particular, it is forbidden to the user to reproduce, distribute, communicate publicly (including the right of making available), set, transform, collect and, in any other way exploit the contents appearing on the website without prior authorization and written consent of COPERNICUS SERVICING. All brands, logos or distinctive signs of COPERNICUS referred to the website are trade-marks owned by COPERNICUS.
All hypertext, deep link, framing, or any other type of virtual connection through telecommunications networks from any website or URL ("links") to the website, should be authorized previously by COPERNICUS, and must establish the link in any case to its home page. COPERNICUS wishes to clarify that links to third party web sites containing the website are only indicative and for the purpose of putting at the user's disposal other sources of information that might be of its interest.
If any user or third party sees any links that may be contrary to law, morality or public order, or that are likely to incite violence or discrimination by sexual, ideological, religious or racial grounds, please make us know through the firstname.lastname@example.org address.
Aside from legal provisions, COPERNICUS declines any liability related to the contents of the links or harms or errors that any virus may occur to computer systems (hardware and software) of the user.
In accordance with the provisions of Law 15/1999, December 13th, of Personal Data Protection, we inform you that the data you provide to us through the forms on this website will be incorporated and treated in a file of personal data called ‘BASE DE DATOS DE CANDIDATOS/ GESTIÓN DE LAS DENUNCIAS’ whose responsibility lies on Corpernicus Servicing S.L.
Your data will be confidentially treated for the purposes of managing requests, queries, complaints, etc. that you may file via our contact form.
We inform you that you may exercise your right to access, rectify, cancel and opposition sending an email to email@example.com attaching, to that end, a copy of your ID.
Legislation and applicable jurisdiction
The present general conditions are subject to Spanish legislation.
For the resolution of any conflict that may arise from access to the website, the user and COPERNICUS agree to be expressly subject to the courts and tribunals of the city of Madrid, waiving any other general or special jurisdiction that may correspond to them.