Sareb chooses Elecnor to carry out maintenance on 26,000 buildings
Sareb chooses Elecnor to carry out maintenance on 26,000 buildings
The contract has been awarded following a competitive process involving six companies
Madrid, 4 february 2020

Elecnor will be responsible for providing conservation work on buildings, of which 40% are houses and 31% are garages and storage facilities. The contract also includes soil work (13%), work in progress (11%) and tertiary and industrial assets (5%).

This service will be provided under the new contractual parameters established by Sareb, through which it aims to improve efficiency by selecting specialised managers.

The new contract will be valid for two years and covers the provision of services such as preventive, corrective and technical legal maintenance, and also includes regular visits to check the state of the buildings. The primary aim is that the buildings are protected against the risk of deterioration, damage to third parties is avoided and that the buildings do not lose value.

Most of the buildings included in the contract are in the Valencian Community (34.7%), followed by Andalusia (13.2%), Castile and Leon (9.5%), Catalonia (9%), Castile-La Mancha (5.8%), the Community of Madrid (5.7%), the Region of Murcia (4.7%) and La Rioja (4.2%). 

Sarebis a private entity that was created in November 2012 to help clean up the Spanish financial sector, in particular those institutions that received public aid. Sareb's commitment is to liquidate the property and loans acquired before November 2027. The majority of Sareb's capital is privately owned (by a total of 32 entities including banks, insurance companies, real estate and an energy supplier). The remaining 45.9% belongs to the State by means of the FROB (fondo de reestructuración ordenada bancaria — fund for orderly bank restructuring).