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.