Servihabitat, out of competition for Sareb's 30,000 million contract

Servihabitat, out of competition for Sareb's 30,000 million contract

The servicer controlled by Lone Star and CaixaBank has been excluded from the competition to win one of the contracts to manage Sareb's portfolio. Aliseda, Haya, Solvia, Hipoges and Altamira continue in the contest.

Sareb has excluded Servihabitat from the tender after analyzing the economic and technical offers. The company would have been the lowest valued in scale, so Sareb has decided to make a cut to continue working with the other five companies.

The candidate evaluation process included an economic offer and a technical part, where the applicants' ability to provide the service, their technological infrastructure, the dedicated teams and the proposal of commissions to be charged were evaluated. The final decision on the contest will be made in the first quarter of 2022.

Sareb launched this competitive process a few months ago to choose the new managers of its portfolio under a new operating model, in which efficiency in the marketing and sale of assets, economic savings and specialized management of exclusively dedicated teams prevail to the company.

Sareb will adopt the final decision on the tender in the first quarter of 2022

Last July, Servihabitat won the competition organized by Sareb for the urban development of a set of 51 plots, currently valued at 107 million euros and with a total buildable area of 1.2 million sqm.

The agreement contemplates in the future the extension of this management to more than 200 assets with more than seven million square meters of additional buildable area, currently managed by general servicers, once these contracts end in 2022.

Between January and June, Sareb achieved revenues of 1,090 million euros, 102% more than the first six months of 2020, according to a statement sent by the entity headed by Javier García del Río. The company also recovered the level of income prior to the pandemic and, in fact, was 3.4% above the business volume harvested in the first half of 2020.

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