Goldberg and Partners Global Real Estate LLC Works on 800.000.000 Cash Fund to Buy Distressed Properties in Spain
London, United Kingdom, March 17, 2009 --(
PR.com)-- Goldberg and Partners of Javea, Spain has been choosen to assist a large US, French, Spanish Group seeking to purchase distressed real estate assets in Spain.
The assets sought are near to Metro centers like Madrid, Barcelona, Valencia, Seville, residential, new build properties. The fund has been set up to assist the bad economical situation in Spain, post credit crunch and the Socialist government policies that Spain has been following for the past years.
With this amount of cash and companies requiring finance in this market, it is the perfect time to be entering the market. Spain is facing a severe recession and unemployment is going up to 20%, which is the highest in the EU.
Banks in Spain are feeling the pinch as well as construction companies with no or low sales, on average 70% less than the year before.
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