{"id":999,"date":"2019-05-06T15:00:22","date_gmt":"2019-05-06T15:00:22","guid":{"rendered":"https:\/\/www.sareb.es\/sareb-enters-into-negotiations-with-tpg-for-the-sale-of-part-of-its-stake-in-tempore-properties\/"},"modified":"2021-03-15T17:32:56","modified_gmt":"2021-03-15T16:32:56","slug":"sareb-enters-into-negotiations-with-tpg-for-the-sale-of-part-of-its-stake-in-tempore-properties","status":"publish","type":"post","link":"https:\/\/www.sareb.es\/en\/sareb-enters-into-negotiations-with-tpg-for-the-sale-of-part-of-its-stake-in-tempore-properties\/","title":{"rendered":"Sareb enters into negotiations with TPG for the sale of part of its stake in T\u00e9mpore Properties"},"content":{"rendered":"<p>Sareb has entered into formal negotiations with the American fund <strong>TPG Real Estate Partners III, L.P<\/strong>. for the sale of part of its stake in the REIT T&eacute;mpore Properties, which currently equates to 98.38% of the share capital.<\/p>\n<p>This move forms part of the competitive sales process that Sareb launched a few months ago to dispose of part of its stake in the REIT it created at the end of 2017, and which listed on the Spanish Alternative Stock Exchange (MAB) in April 2018.<\/p>\n<p>At YE 2018, T&eacute;mpore Properties posted a net profit\/(loss) that exceeded initial estimates &ndash; booking a loss of EUR 384,394 euros, 13% less than forecast in the Information Document for Listings on the Spanish Alternative Stock Exchange &ndash; MAB (DIIM). The REIT estimates that the company will start to turn a profit in 2020.<\/p>\n<p>At 31 December 2018, T&eacute;mpore managed a portfolio of 2,249 residential rental properties across various provinces of Spain, had obtained a revenue of EUR7.3 million and reduced its portfolio arrears rate from 5.5% at YE 2017, to 4% at YE 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sareb has entered into formal negotiations with the American fund TPG Real Estate Partners III, L.P. for the sale of part of its stake in the REIT T&eacute;mpore Properties, which currently equates to 98.38% of the share capital. This move forms part of the competitive sales process that Sareb launched a few months ago to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[1750,1751],"class_list":["post-999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","tag-company","tag-rental"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/posts\/999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/comments?post=999"}],"version-history":[{"count":1,"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/posts\/999\/revisions"}],"predecessor-version":[{"id":15688,"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/posts\/999\/revisions\/15688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/media\/1000"}],"wp:attachment":[{"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/media?parent=999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/categories?post=999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sareb.es\/en\/wp-json\/wp\/v2\/tags?post=999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}