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Dec 13, 2017 12:52 EEST
LJUBLJANA (Slovenia), December 13 (SeeNews) – Slovenia's ‘bad bank’, the Bank Assets Management Company (DUTB), said it has sold 95 business real estate projects for a total of 28 million euro ($32.9 million) and 63 residential projects for a total of 75.7 million euro in 2017.
As of today, DUTB's real estate portfolio, a result of proactive real estate management operations, consists of 240 proprietary real estate units worth a total of 206 million euro in four countries, it said in a statement late on Tuesday.
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Of these, 98 are residential real estate projects worth 99.1 million euro and 142 are business projects worth a total of 106.9 million euro.
DUTB's real estate portfolio also includes 1,066 properties pledged as collateral, worth a total of 721 million euro, in seven countries. The majority of these - 35% - are industrial properties.
With the growing portfolio of proprietary real estate, real estate sales have been on a positive trend over the past three years, Janez Skrubej, executive director responsible for real estate asset management operations, said. In 2015, total sales amounted to 2.33 million euro, in 2016 the number increased to 1118.56 million euro, and so far in 2017 total sales have reached as high as 103.9 million euro, excluding taxes, he added.
DUTB was established in March 2013 as a government-owned company with the aim of facilitating the restructuring of local banks facing severe solvency and liquidity problems.
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