“Bad Bank” Ahead in the Race to Buy the Latest Dolce Vita in Portugal

Finangeste’s offer, followed by DST, was the highest of the five proposals to buy Dolce Vita Miraflores, where Abanca was “on fire” with 36 million euros and added two years of unsuccessful sales attempts.

After three failed alienation attempts in nearly two years, the mortgage lender of Dolce Vita Miraflores received, at the fourth rehearsal, a handful of proposals to buy the shopping center. For an asset where it was “on fire” with approximately 36 million euros, the Spanish bank Abanca set a minimum sale value of 5.3 million euros, but all the offers it received were much lower than this threshold.