Sareb Puts 1,600 Buildable Plots Up For Sale With 4 Servicers Whilst Continuing its Search for a Manager

The company that manages assets proceeding from the bank restructuring is accelerating its plan to divest land from its balance sheet in an operation that it expects will generate 174 million euros.

The Company for the Management of Assets from the Bank Restructuring (Sareb) has put 1,584 finalist plots of land up for sale all over Spain.  

In total, the plots span a combined surface area of 1,473,339 square metres and their sale is being aimed at professional developers. The total price of the assets amounts to 174 million euros.

Read the full article in Spanish.