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


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.


Sareb doubles its property sales in the year to April


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.


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.