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CNMC Rejects the Property Developers’ Complaint About the Joint Venture Between Sareb and Värde

The CNMC has refused to investigate Árqura Homes, the FAB created by Sareb and Värde, for its dominant position, as requested by the association of Property Developers in the Costa Blanca (Provía).

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Sareb is able to continue with its plans to create one of the largest property developers in the country with plots of land awarded from the bank restructuring.

The National Competition Market Commission (CNMC) has just ruled in its favour by refusing to initiate an investigation into the start-up of Árqura Homes, the property developer created in 2019 through a bank restructuring fund (FAB) and owned in part (10%) by the international fund Värde Partners.

Read the full article in Spanish.

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