The total value of the assets transferred amounts to €175 million.
The portfolio transferred by Sareb is concentrated in 80% in metropolitan areas of large capitals and the rest in geographic areas with high demand in the rental market, as it happens in the provinces of Valencia, Seville, Zaragoza, Malaga or Almeria. The houses have an average size of 93 square meters and have two or three bedrooms.
The management of this portfolio has been assigned to Azora, which will be responsible for the administration and commercialization of the assets. In parallel, Sareb continues to work with its Renta 4 and Clifford Chance advisers on public offerings in the MAB of Témpore, which will take place in the coming weeks, once all the necessary procedures have been completed.