Sareb Puts 209 Assets Up For Sale, Including 37 Hotels

21 July 2017 – Cinco Días

Sareb has launched a campaign to sell a portfolio of 209 properties. The portfolio includes commercial premises, warehouses, offices and 37 hotels, located primarily in the interior of Spain.

The entity has already taken advantage of the increasing interest in the hotel sector to sell Hotel Parque Central de Valencia this week to the Hoteles Playa Senator chain. The four-star complex, located in the capital of Valencia, has 192 rooms and 128 parking spaces.

The entity has launched the so-called “Your business project…starts here” campaign and has also created a website www.sarebterciarios.com, with information about the 209 assets up for sale. The properties are located across 15 autonomous regions, although the majority can be found in Madrid and Castilla y León.

Most of the hotels are actually located in the latter region. The cheapest is located in Mombeltrán, a small town in Ávila; the so-called Real Posada estate is on the market for €528,000. At the other end of the spectrum, the tourist complex with the highest price is located in Las Palmas, comprising 103 apartments; its asking price exceeds €6 million.

The most expensive asset up for sale as part of this campaign is located in the north of Madrid: an office building worth €18.9 million. In the same autonomous region, the bad bank is also selling the cheapest office of the 33 on offer: a unit close to the Plenilunio shopping centre, which has an appraisal value of €80,000.

In terms of the 97 commercial assets, Madrid is also the autonomous region that is home to the most, with 14. Noteworthy properties include the former Cines Cristal on Calle Bravo Murillo, which is being sold for €6.7 million. Behind the capital in this ranking comes Cataluña with 13 assets and Valencia and Andalucía with 12 properties each. The most affordable commercial space is located in Las Palmas; that property is worth €160,000.

Of the 42 industrial warehouses up for sale, half are located along the Mediterranean Coast, 12 are in Cataluña and 9 are in the Comunidad Valencia. The most expensive warehouse is located in Polinya, Barcelona, and its asking price is €7.6 million. By contrast, the cheapest is being sold for €11,003 and is located in Betera, Valencia.

Original story: Cinco Días (by Fernando Cardona)

Translation: Carmel Drake

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