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Nine hotels, three golf courses in debt to asset swaps
© InCyprus | Nine hotels, three golf courses in debt to asset swaps

Nine hotels and three golf courses have come into the possession of the Bank of Cyprus in debt to asset swaps, and the bank’s Real Estate Management Unit (REMU) is looking for buyers, Phileleftheros reported on Wednesday.
It said the total value was €302 m of which €37 m was the value of the hotels and €265m of the golf.
REMU has increased the real estate under management by 1057 in the first nine months of 2018. In 2017, it had 1,951 properties with a book value of €1.64 b. ….. Read More On: InCyprus

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