Collaboration with Haya Real Estate: Debitos expands presence in Spain and Portugal
July 02, 2018 – Frankfurt
Secondary debt market Debitos is now cooperating with Haya Real Estate, a Spanish leading independent provider of real estate and debt management services. The company from Madrid will use the infrastructure of the Debitos marketplace to sell non-performing loans. Debitos CEO Timur Peters: “As a result, we are significantly increasing our presence in Spain and Portugal, and through Debitos, Haya reaches many international investors who are interested in buying these kinds of assets. I suppose, this is what you can genuinely call a win-win-situation“, said Timur Peters, CEO of Debitos. The Frankfurt-based finance company has been increasingly active in the Iberian market since autumn 2017. At that time, Debitos announced the establishment of a joint venture with BEKA Finance, a Spanish investment bank which is now also involved in working with Haya.
Haya CEO Carlos Abad: “This agreement will allow us to offer an even more complete service to our clients, besides helping us to reach new market niches and clients.” Carlos Stilianopoulos, CEO of BEKA Finance: “Debitos is an excellent transactional area that allows to obtain liquidity quickly and efficiently. Through this platform, entities such as Haya can trade their illiquid debt assets with an online bidding method that significantly reduces transaction time and provides more transparency in pricing.“
About Haya Real Estate
Haya is one of the leading independent providers of real estate and debt management services, and the largest bank-independent third-party servicer of Real Estate Development loans (“REDs”) and Real Estate Owned assets (“REOs”) in Spain. It services assets on behalf of its financial institution and institutional investor clients and has assets under management of approximately €40 billion. Haya’s core service offering covers the entire value chain of loans and real estate assets. For REDs, this comprises advisory and underwriting for loans and collateral; debt management and recovery; and conversion of RED obligations into REOs. For REOs, this comprises admissions and repossession; management of REOs; and the sale and rentals of REOs. Haya’s integrated offering of real estate servicing solutions also includes portfolio advisory (selection, valuation and negotiation), land development advisory, rental management, real estate advisory, brokerage and securitization. Haya employs 704 professionals and has a sales network of 2,648 real estate brokers.
Debitos is an online marketplace which allows companies, banks and funds to sell their credit exposures on the market through its open and transparent auction-based online transaction platform. The platform leverages on the digitalization of the entire sale process and can reduce the expected disposal timing to 3-8 weeks compared to 3-6 months of the traditional process. Debitos was founded in Frankfurt in 2010 and has since concluded more than 220 online transactions with a total gross book value in excess of €4.5bn. By now more than 500 investors from all over the world have registered with Debitos.
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This post was written by Jens Seckerback