Whitestar becomes responsible for the management of four new real estate portfolios, NPL Secured and Unsecured, worth close to €270 million. The portfolios originated from Banco Santander Totta, Millennium BCP and an international investment fund, as the company said in a statement.
Marco Freire, CEO of Whitestar Asset Solutions S.A., a company responsible for managing credit and real estate portfolios, with about 10 billion euro in assets under management, assumed that «we are very excited about these new portfolios, as they cover all areas of Whitestar's business and also because they are owned by a new client».
The company, established in 2007, is less than a month away from celebrating 15 years and «these achievements reflect, from the outset, the confidence that investors have in Whitestar, in our experience, quality and ability to generate the best results for the different types of portfolios and economic cycles», assured the leader of Whitestar.
The company currently has about 500 employees in Lisbon and Porto.