Sareb, the company created to manage the real estate assets from the rescued banks, has decided to look for a partner to help it push ahead with the difficult mission of finding an exit for the tens of thousands of foreclosed assets that it has on its balance sheet.
For this reason, the company led by Jaime Echegoyen and Javier del Río has put out to tender the so-called Project Neo. The initiative seeks to implement a new land management model for Sareb, and to find an exit for all of the assets that the company still has in its portfolio, according to market sources speaking to Brainsre.news.
Read the full article in Spanish.
