It’s the first step towards moving forward with the public housing company announced this month by Government President Pedro Sánchez. Asset Management Company (Sareb) from Bank Restructuring Árqura decided to temporarily suspend the sales process and postponing the deadline for submitting non-binding offers from potential investors.
The decision on the promotional vehicle, created in 2019 and bringing together a significant portfolio of finalist land in Spain, was made by the company’s governing bodies, as stated this Friday, in response to the advice of the financial advisor of the operation. expression.
After this, Sareb will open an analysis and review period regarding the operation and the results will be communicated to investors as soon as possible..
Sources at Sareb, whose board of directors approved the sale of shares in Árqura, said this week that the company is working to fulfill its mandate and that the company will comply with the rules in force if the authorities decide to make changes to it. is assigned to it with efficiency.
This suspension aligns with the Government’s latest announcement. establishing a large state housing company It manages the lands and residences of the state and is an instrument of collaboration and collaboration with autonomous communities and city councils – involving the recycling of existing Sepes and the incorporation of Sareb. It is also worth remembering that on December 12, the Housing Committee of the Congress of Representatives met. Approved Sumar’s illegal proposal to stop the sale of Árqura Homes With PSOE, Sumar and Podemos voting in favour, PNV, ERC, Bildu abstaining and Vox and Junts dissenting per Catalunya.
In this document, the Administrator was asked to reconsider this operation.Sumar reasoned that this could lead to irreversible consequences and jeopardize the opportunity to manage the public housing stock to expand the supply of social and affordable rents. He also criticized that the main parties interested in this operation are large funds, which he stated are responsible for creating pressure on the real estate market. Sareb is expected to present the award throughout 2025
