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Dospuntos is a new generation real estate development company resulting from the insolvency and restructuring of Grupo San Jose, the predecessor parent company. Värde acquired a stake in Grupo San Jose via the acquisition of distressed debt originally issued to fund the group’s leveraged buy-out of Parquesol in 2006, the height of the Spanish housing market. The Värde-led restructuring saw the spin-off and wind down of non-core assets and activities and the re-launch of the residential development business under the name Dospuntos.