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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Metrovacesa buy broke Sacresa's back - Spain report
Sacresa real estate group, in receivership since June after failing to agree with its 15 creditor banks, buckled as a result of its ill-fated takeover of Spain's largest real estate firm Metrovacesa in 2006, according to a receiver's report. Controlled by the Sanahuja family, Sacresa suspended payments under pressure of debts of E1.8bn.