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31 May 2012
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20 June 2012
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Santander postpones Banif asset sale due to lack of demand
Spain's Banco Santander has postponed the sale of assets from the e2.6bn Banif Property Investment Fund, a mutual real estate fund it is trying to unwind, citing the illiquid and depressed state of the domestic property investment market. The "lack of any reasonable offers" for properties placed on the market for sale caused the fund's managers, Santander Real Estate, to postpone further disposals. (See upcoming PIE Editions for full story)