Sareb sells 16 homes to the Generalitat Valenciana for €1.1M

Sareb sells 16 homes to the Generalitat Valenciana for €1.1M
Elena Azcárraga and Ana Múgica, signatories of the agreement.

The properties, located in the municipalities of Almassora, Vila-real, Paterna, Moncófar, La Pobla Llarga, Orihuela, Gandía, Castelló de la Plana, El Campello, Benicarló, Vinaròs, Algemesí, l'Alcúdia, La Pobla de Farnals and Borriana , are added to the 75 dwellings that the Generalitat Valenciana had previously purchased from the company.

With agreements like this one, signed by Elena Azcárraga, general director of housing and urban regeneration of the Generalitat Valenciana, and Ana Múgica, director of affordable and social housing of Sareb, the company deepens its strategy of collaboration with public administrations to try to solve those needs related to access to housing in local communities, while advancing in the mandate of divestment of the asset portfolio acquired in 2012 from financial entities that needed public aid.

Since its creation, Sareb has sold a total of 339 apartments to regional public entities in the Valencian Community (91 properties), Cantabria (73), the Balearic Islands (19), the Canary Islands (11), the Basque Country (9), Castilla y León (6) and the municipalities of Madrid (108), Gandía (14), La Pobla de Vallbona (5), Badalona (2) and Sabadell (1).

Temporary cession of dwellings

In parallel to the sale of real estate to public administrations, Sareb has a social park currently made up of 15,000 affordable rental apartments that are transferred to autonomous communities and town councils. Since its creation, temporary agreements have been signed in this field with more than fifty regional and local entities, to whom the company has transferred more than 3,200 properties that could benefit almost 13,000 people.

In addition, the administrations that sign these temporary assignment agreements have the possibility of acquiring the properties during the course of the agreements or at their end.

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