Sareb Guarantees Agreed Price For Reserved Teide Portfolio Homes

4/02/2014 – Europa Press

Sareb guaranteed that all the people who booked any of the dwellings from the Teide portfolio (consisting of more than a thousand properties) will be able to finalize the acquisition at “the agreed price”.

In December, the bad bank transferred the portfolio to a FAB controlled mainly by Fortress and Grupo Lar. Some of the dwellings have been under commercialization process (…).

Thus, Sareb announced that in the last days the FAB Teide has had an existence evidence of 135 cases in which a home transferred to the fund had been pre-booked, out of which 52 were accepted and 83 left in stall. (…).


Original article: Europa Press

Translation: AURA REE