Monday, July 13, 2020
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Sareb and the Servicers Launch Campaigns with Significant Discounts to Sell their Properties

The Company has revised down the price of one third of its ready-for-sale property portfolio, which is worth around €700 million, with discounts of around 15% on average.

Residential development that Sareb is selling in Almería

The Company for the Management of the Assets Proceeding from the Bank Restructuring (Sareb) has launch the largest commercial offensive in its history to reactivate the sale of its properties, which has been paralysed over the last few weeks due to the health crisis, according to reports from Expansión.

The company has mandated Haya Real Estate, Altamira Asset Management, Servihabitat and Solvia – the four large servicers that it works with – to market around 9,600 assets, one third of the company’s ready-for-sale portfolio of properties. The campaign includes discounts that will reach 15% on average compared to the prices on 14 March, when the State of Emergency was declared. 

SourceBrainsre

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