Sareb completed the acquisition of a 10% stake in Árqura Homes from Värde Partners.

Sareb, the bad bank of the Spanish government, completed the acquisition of a 10% stake in Árqura Homes, a real estate investment company, from Värde Partners, a private equity firm. Financial terms were not disclosed. The repurchase operation will allow Sareb to gain control of 100% of the capital (Árqura Homes) and go ahead with the planned development of 17k homes throughout Spain, in whose residential housing development activity it is expected to invest a total of €2.2bn.