Sareb to Launch Asset Sales Webpage For Individual Clients

18/01/2014 – Expansion

All the real estate assets of Sareb at reach of a click. With photos, details about their geographic location, dimensions and main features. This is the vision Belen Romana has to speed sales up.

In the first stage, the webpage will offer all the non-residential assets of Sareb: hotels, trade premises, offices, industrial areas and land. Then the 60.000 flats from the bad bank´s portfolio, valued at €32.000 million, will be published on the portal.

If a websurfer enters the and clicks on the reference of an asset of interest, they will be redirected to a web of a real estate company, an agent or of a financial entity commercializing it. A big part of the groups signed contracts with Sareb to finance asset purchase with benefits.

IT Platform

Sareb wishes to have a platform that would allow it to advance in the asset management. The bad bank has already chosen for the task the following entities: Santander, Caixabank, Sabadell and Novagalicia . (…).

The IT platform is going to serve as a manager for the 130 real estate developments scheduled to be finished this year. (…).

Original article: Expansión (A. Crespo/J. Zuloaga)

Translation: AURA REE