Sareb Grants Colau 200 Flats For Families In Need

17 December 2015 – La Vanguardia

Sareb has granted 200 flats to the Town Hall of Barcelona, which will be allocated under the social housing regime to families that are unable to access housing through their own means. The municipal housing services will receive the keys to the first 50 homes today, which will be included in the Emergency Social Committee’s list of available properties to be awarded to families in need.

“We were appointed to the municipal government to make things like this happen”, said the mayoress Ada Colau yesterday, as she announced that an agreement had been signed with Sareb, also known as the “bad bank”. Colau did not hide her satisfaction about the agreement, which was “achieved through good faith and not through the enforcement of any laws”, although she added: “It is a very important first step, but we are not satisfied yet; we need many more properties for use as emergency homes”.

The agreement was signed last Thursday by the Housing Councillor Josep María Montaner and Sareb’s Director of Corporate Social Responsibility, Gaspar Gonzálex Palenzuela. It is the first agreement of its kind to be signed between the entity and a town hall. “Our objective is to reach agreements with other large owners of empty flats”, said Colau. In other words, to acquire flats “in good faith”.

The other route, “the hard way”, involves imposing sanctions on owners who keep flats empty for more than two years. A few months ago, the Town Hall of Barcelona imposed around twenty sanctions on banking institutions. Seven of the sanctions related to Sareb, including those relating to three of the flats that have now been ceded.

Most of the flats are in Nou Barris and are illegally occupied

The first 50 empty flats granted by Sareb are located in six of Barcelona’s ten districts: Nou Barris (16 flats), Sants-Montjuïc (5), Sant Martí (4), Sant Andreu (12), Horta-Guinardó (10) and Ciutat Vella (3). The effective use of these homes will be actioned in a matter of days, according to the Town Hall, although some of the properties need minor repairs and must be connected to the utility networks. The 200 homes will be ceded for eight years.

Half of the homes are currently occupied, illegally or irregularly, and for that reason, the situation of the occupants will be analysed on a case by case basis to determine whether they should be included in the list of applicants for social housing. “We suspect that the majority involve cases of socially vulnerable people”, confirmed the mayoress, but “existing occupants will not receive preferential treatment”.

During the eight-year period, the Town Hall will pay Sareb small amounts (between €75 and €125 per month per home). It will also bear the cost of taxes such as the IBI. The recipients of the homes will be charged a nominal rent on the basis of their income.

On 15 January, the Town Hall will take over the management of another 50 flats (currently occupied); on 15 February it will take over another 50 (also occupied) and in March, it will take over the final 50 (empty) homes subject to the agreement. Colau revealed that she hopes to soon be able to announce more new achievements in her strategy to increase the public stock of social housing, with Sareb and other entities. She specified that the government committee will today approve the acquisition of three homes from Bankia (at prices well below their market values), with whom it has agreed to purchase around twenty homes. (…).

Original story: La Vanguardia (by Lluís Sierra)

Translation: Carmel Drake

Saba Sells Toulouse Logistics Park To CBRE For €23M

18 September 2015 – Expansión

The group is focusing on its car parks / The company has sold a logistics park in Toulouse for €23 million.

Saba is continuing to take steps to exit the logistics sector and focus its activity on its core car park business. Yesterday, the group led by Salvador Alemany announced the sale of a logistics park in Toulouse (France) to CBRE Global Investors for €23 million.

The asset has a surface area of 20 hectares and was one of the company’s key sites, thanks to its strategic location in the neighbouring country, 30 kilometres away from the French city, one of the centres of the global aviation industry.

This divestment whereby reduces the group’s international presence to Lisbon, where it owns a site with a surface area of 100 hectares. The economic crisis in Spain has been more intense than in Spain and the demand for logistics space is not as great as in the areas close to the cities of Madrid and Barcelona.

In 2012, Saba began its exit from this business segment with the sale of a logistics park in Chile for €56 million, a deal that allowed it to begin its policy of shareholder remuneration.

In Spain, Saba is about to sell its 32% stake in Cilsa, the company that operates the Logistics Activities Area (ZAL) in Barcelona, measuring 208 hectares and located in one of the best areas of the Catalan capital. It is the last major logistics asset that Saba still owns.

The Competition Commission is studying Saba’s exit from this company; its stake is due to be acquired by Merlin. One of the unresolved questions is whether Sepes will hold onto its 5% stake in Cilsa – which does not even entitle it to sit on the Board of Directors – or whether Merlin will acquire the whole package.

Background

In Spain, Saba – which is controlled by Criteria CaixaHolding – last year sold a logistics park in Coslada (Madrid), some land in San Fernando and a logistics park in Penedés (Barcelona), in a deal worth €100 million.

The firm has continued to withdraw from its logistics business, whilst at the same time closing operations that have enabled it to make important in-roads into the car park sector, with new contracts at Adif train stations, Aena airports and with the Town Hall of Barcelona.

Saba generated revenues of €215 million in 2014 – the logistics division accounted for 19% of sales and car parks accounted for the remainder. In Spain, Saba still owns logistics assets in the provinces of Barcelona, Álava and Sevilla.

Original story: Expansión (by A. Zanón)

Translation: Carmel Drake