News

Sareb appoints Renta 4 and Clifford Chance to advise on the launch and listing of its SOCIMI

20/06/2017

Sareb has put the wheels in motion to create a SOCIMI with the aim of putting some of the 4,600 income-producing assets it currently holds in its portfolio on the market.

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Sareb doubles its property sales in the year to April

26/05/2017

At the end of the first four months, over 5,720 units have been sold, compared to 2,979 in the same period of 2016. Sareb's portfolio now stands at below €40,000 million.

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Sareb, Management Company for Assets Arising from the Banking Sector Reorganisation

Sareb is a private entity that was founded in order to help clean-up the Spanish banking sector and, more specifically, the banks with problems due to their over exposure to the real estate sector. Its mission is to divest an asset portfolio with a value of 50.781 billion euros in 15 years.

 
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