Will another real estate agency that falls down, be the last one?
28.11.2008
Habitat the Catalan one is the umpteenth big real estate agency that enters voluntary creditors contest. After much to annoy the partridge and several debt refinancings for the way the imperious law of the market also has finished with this real estate agency.
This morning it has presented in the courts of the Mercantile of Barcelona a request of voluntary contest of creditors leaving behind 2.300 millions of Euros of debit behind if.
The Habitat nightmare began only two years ago when to the heat of an expansive market that seemed not to have the company thin he decided to buy the real estate branch of Railroad, one of the principal shareholders of the real estate agency. To realize this acquisition the company did not come to an enlargement but I request a loan syndicated by approximately 1.600 million Euros. On an absolutely idle market as this one it makes impossible to him that it could face the same one.
Although it could look like a lie many people will be the caught ones in this history and names celebrate. As shareholders not only it appears the constructor of the family Of The Pine also there are names like Isak Andic, Dolores Ortega, José Antonio Castro, Emilio Cuatrecasas the family Rodés.
But also the banks will suffer the consequences of his excesses, between many others the most affected are The Caixa (232 millions), Box Madrid (220 millions), Banco Santander (218 millions), BBVA (200 millions) and Banco Popular (160 millions).
Regrettably not only these personages, who do not make us sad will turn out to be affected but clients, hard-working and small deserving.
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