Témpore Properties receives green light for its incorporation into MAB

Témpore Properties receives green light for its incorporation into MAB


The Board of Directors of Témpore Properties, chaired by Juan Ramón Dios Rial, director of Real Estate Development and Promotion of Sareb, has set a price of €10.40 per share for the MAB debut of the company, which It will occur in the coming days.

The company, specializing in rental housing, begins its journey with a portfolio of 1,553 units, located mainly in the metropolitan areas and areas of influence of large Spanish cities. By value, 58.9% of the assets are located in Madrid and 23.9% in Barcelona.

Témpore Properties starts with assets from the Assets Management Company from Banking Restructuring (Sareb), a company with which it maintains an agreement that will allow it to increase its portfolio to €500 million over the next three years. At that time, the socimi predicts to have achieved a return of at least 5%, with an occupancy level of 95%.

In the process that will conclude with the debut of Tempore Properties to MAB, Sareb, the main shareholder of the socimi with 98.51% of the capital, has had the advice of Renta 4 and Clifford Chance.

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