Spanish bank Santander said on Monday it is has requested a freeze on payouts from Spain's largest real estate fund, Banif, after investors sought to withdraw 80% of the vehicle's capital. In a regulatory statement to Spanish stock market regulator CNMV, the bank said its Banif Inmobiliario investment fund is unable to meet redemption demands which account for EUR 2.62 bn.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
