Sareb has put one of the three real estate portfolios it intends to sell this year on the market. The portfolio comprises €410m in debt which is secured by residential assets. The assets are divided into three tranches, with the highest quality grouping backed by 810 homes – including 11 completed developments – and two plots of land. Other portions of the debt being sold are backed by a mix of homes and plots of land located primarily in Madrid, Tarragona, Barcelona and Málaga. The sale is being advised on the financial side by Irea and on the legal side by Ashurst.
