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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
Sacresa's Caufec is latest RE receivership in Spain
Spanish developer Caufec, affiliate of Sacresa and currently undertaking two large-scale developments in Barcelona, has become the nation's latest property receivership, after failing to agree new terms with five creditor banks on its debts totalling E180m. The Barcelona firm had been subject to an October 2010 agreement with creditors.