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Sareb sells 75% of Témpore for €247M
08 July 2019 | Vanessa Sousa

Spanish REIT Témpore Properties has a new majority shareholder. Sareb closed the sale of its 75% share of the REIT with fund TPG Real Estate Partners for 247 million euro.

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Despite no longer being the majority shareholder, Sareb will keep 24.1% of the company, according to Spanish newspaper Eje Prime.

The Spanish REIT currently has in its portfolio 1.553 dwellings located on the metropolitan areas of Madrid, Barcelona and other Spanish cities. According to data from Mercado Alternativo Bursátil, the portfolio is estimated at 175 million euro.