CriteriaCaixa is the owner of the real estate portfolio with a net carrying value of 2,813 million euros, 505 million of which is classed within the selling portfolio, 605 million in the rental portfolio, 1,146 million in land and 557 million is dedicated to affordable housing programs. The real estate portfolio is managed by InmoCaixa, company owned 100% by CriteriaCaixa.
CriteriaCaixa's strategy is to manage this real estate portfolio to create value through a property management portfolio that improves long-term returns and selective selling of certain assets in the short term. CriteriaCaixa also owns a portfolio of land that it intends to sell directly to property developers and to develop as and when business opportunities arise.
Composition (according to net book value):
Data as at 12/31/2017
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