Sareb selects Haya Real Estate to manage its rental assets

Sareb selects Haya Real Estate to manage its rental assets

Enrique Dancausa, Managing Director,  Haya Real Estate 

Haya’s asset management will allow for the development of a business strategy from Sareb to add value to its real estate assets and divest them in the mid-term with optimal returns.

This new deal is the result of a highly competitive bidding process. It became effective on the 1st of January 2020 and it will continue for 2 years.

The portfolio consists of 80% housing assets and 20% tertiary assets spread across Spain. 40% of the assets are located in the Valencian Community, followed by the Community of Madrid, Castile and Leon and Castile-La-Mancha, with 24% and the Southern area comprised of Andalusia and the Canary Islands with 16%.

This contract is thus added to the mandate granted by Sareb in October 2019 for the management of the assets from Project «Esparta», a portfolio of REO (Real Estate Owned) loans and assets estimated at 8.400 million euro (net book value), until mid 2022.

Haya Real Estate’s managing director, Enrique Dancausa, stated that «this contract reinforces Haya Real Estate’s leadership within the rental segment and reflects the strength of a business model that is highly diversified».

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