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€650m Interest Rate Swap cost for Santander HQ building

We are continuing to work with and advise large property companies that have large interest rate hedging exposures. In some cases, even with these large organisations, there may be a case for mis-selling by the Banks of these interest rate swaps, if sufficient, clear risk disclosure was not provided.

The HQ Building of Santander in Madrid has a current interest rate swap exposure of €650m.

In 2008, this was Europe’s largest Property Transaction.

The article from the Sunday Times is here:

https://www.thesundaytimes.co.uk/sto/business/Retail_and_leisure/article1106595.ece

 

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Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.

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Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.