SAREB to create new socimi in 2017

SAREB to create new socimi in 2017

According to news from Spanish Real Estate, the idea is, “to place it on the market” before the end of the year, as confirmed by the Minister of the Economy, Luis de Guindos, at a lunch organised by the ‘Asociación para el Progreso y la Dirección’ (Association for Progress and Management).

The source explains that, by listing Sareb’s assets, the Government would take advantage of the good market conditions at present. At the same time, it would accelerate the sale of shares of the society presided over by Jaime Echegoyen, released about 20%, the Minister recalled.

The Minister rejected the idea that the Government intended to transfer unproductive assets from the Banco Popular to Sareb or the new Socimi. “Absolutely not”.

Other property agencies are investing in the home rentals market in Spain, as is the case of Blackstone, which, to this end, has announced that it is to create three new socimis, or Acciona and Merlin, who aim to merge Testa and Acciona Inmobiliária. 

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