One of the first tasks Sareb's management team carried out was to establish a solid and credible business plan, which enables it to successfully tackle the divestment process. The Plan covers the 15 year maximum lifespan that the organisation will have.
In order to achieve its sales objectives, Sareb is considering several sales marketing channels in order to successfully tackle its mission.
The company is currently relying on third parties - Altamira Assets Management, HAYA Real Estate, Servihabitat and Solvia-. At the same time, Sareb is also directly negotiating with investors who are interested in purchasing individual properties it has on its books, which given their characteristics, deserve special attention.
Sareb has a wide range of extensive and flexible sales tools for the institutional market. One of these involves the possibility of compiling portfolios depending on the investor's specific profile, including primary or secondary homes, offices, industrial warehouses or income-producing retail units.
However, Sareb also has a unique and exclusive instrument, which has been specifically developed in order to serve as its very own divestment tool - Bank Asset Funds (FAB - Fondos de Activos Bancarios). These are flexible instruments, inspired by securitisation funds and collective investment institutions, and are specifically tailored to professional investors. Their set up and operation will be supervised by the Spanish Stock Exchange Commission (CNMV).