Monday, November 30, 2020
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Sareb to Sell Assets in the Canary Islands to the Government to House Immigrants

The Government is planning to acquire warehouses and residential buildings to house the more than 11,000 people who have arrived in the Canary Islands this year.

The Company for the Management of Assets Proceeding from the Bank Restructuring (Sareb) is studying the sale of warehouses and residential buildings to the Executive in order to provide a solution to the migratory emergency in the Canary Islands. This is happening after a call for help from the Canary Island Government for the 11,000 people who have arrived on its shores over the last year.

The bad bank has assets that are of interest to the Government in Gran Canaria, Tenerife and Fuerteventura. Theoretically, these properties have already been selected by personnel from the Ministry of Development and Social Security, according to El Confidencial.

Read the full article in Spanish.

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