Up to a third of the loans to Spanish property developers could go bad before the end of the financial crisis, according to a report in the Financial Times. At the end of June, total bank credit for Spanish property developers reached a new peak of EUR 313 bn while loans to construction companies stood at EUR256 bn, according to the Bank of Spain.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
