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Tempore Properties is the new Socimi at SAREB and kicks off this year.

The Sociedad Cotizada Anónima de Inversión en el Mercado Inmobiliario (Socimi) driven by Sareb to put on the market a part of its rental housing will be called Témpore Properties.

Sareb informs that it’s expected that Socimi to be listed before the end of the year, as soon as all the required formalities by Mercado Alternativo Bursátil (MAB) are completed.

Sareb gave the first steps with the establishment of the new society and the recruitment of advisers, which follow the entire process, such as Renta 4 as global advisor, and Clifford Chance, providing legal and fiscal assistance to the project. CBRE, the real estate consultant, had recently joined them, and is working on the real estate’ valuation, to be included in this new divestment vehicle, and that are part of the Sareb rental portfolio, in communities such as Madrid, Cataluña, Andalucía and Comunidad Valenciana.

The valuations of each asset should be made in accordance with the rules of Royal Institution of Chartered Surveyors (RICS), required by institutional investors.