SAREB pauses residential sales to outline new strategic relationship with SEPES

The company is currently conducting a review of its assets that could be transferred to the new public housing corporation

SAREB has temporarily paused residential sales after shareholders agreed to instruct its board of directors to work with SEPES to identify properties for potential transfer to the new public housing corporation announced by the government.

SAREB holds a substantial portfolio comprised of residential properties, buildings and land that could be subject to new measures to promote affordable and social rented housing. These measures fall under the government’s sustainability and social welfare agenda, unveiled in 2022 — the year in which the state took on a majority stake in the company via the Spanish Executive Resolution Authority, FROB.

The new strategy will be presented before 30 June this year, when sales of residential properties not eligible for transfer to the future public housing corporation are expected to recommence.