Sareb is selling off sections of the Kronos building

Sareb is selling off sections of the Kronos building

The 41-story tower has, apart from the residential divisions, communal areas, parking, two swimming pools and a gymnasium, and green garden areas. It was built by the Grupo García Ojeda, which, in the first years of the crisis, started to cope firstly by entering into different arrangements with creditors. Spanish Real Estate explains that Sareb recovered nine savings banks, including property and loans to developers. Secondly, there was an operation by which Sareb allocated itself the property, which had a debt belonging to one of the firms of the Grupo García Ojeda.

The residential property, which began to be built in 2005, and was completed three years later, did not manage to sell all the homes almost a decade later. Now, the apartments with 1,2 and 3 bedrooms are selling for process from 97,176 euros.

 

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