Axactor sells portfolio of REO assets to a Private Fund
Oslo, March 5th, 2019 As communicated in connection with the Q42018 quarterly presentation, Axactor has signed an agreement to sell a portfolio of REO assets, formed of 81 properties, all of which are currently occupied by squatters. The sale represents the first of several clusters expected during 2019 and has a total sale value of close to €3m, with the margin in line with the original business case. David Martin and Andres Lopez, Country Managers for Axactor Spain commented “The strategy of selling assets in clusters, when combined with the business as usual activities, supports