Another REA bites the dust

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    • June 28, 2010 at 4:08 pm #55715
      Anonymous
      Participant

      Sacresa, the largest REA in Cataluña, will apply for bankruptcy protection tomorrow.

      It will be Spain’s third largest insolvency ever, after Martinsa and Habitat. Things can’t be looking that good in Cataluña then.

    • June 29, 2010 at 7:54 am #99373
      Anonymous
      Participant

      Not a REA. A big developer. Building all over Spain, so not purely a reflection on Catalonia (though things are tough there too, of course).

      Mark

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