Sareb Streams 5.000 Units Through Retail Channel in Four Months

4/06/2014 – Expansion

The Management Company for Assets Arising from the Banking Sector Reorganization, or Sareb, marketed 5.000 properties via the retail channel, i.e. 43 units sold daily or 2 each hour, in the first four months of the year. 

As the bad bank´s chairwoman Belen Romana said, Sareb also sold €250 million in real estate and financial assets through direct chanel.

Likewise, the company sold a land portfolio for €80 million. Another €130 million in assets flew out through the wholesale channel.

In total, during the first quarter of the year, the bad bank sealed deals on 3.846 properties, an average of 43 units a day.

For 2014, Sareb plans to increase retail sales by 15% and cross 10.5000 properties sold at a mean pace of 30 per day.

 

To learn more about Sareb´s selling strategy, visit our SAREB section.

 

Original article: Expansión (after EFE)

Translation: AURA REE

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