Continue shopping Socimi estate. The subsidiary of Real Estate Assets Hispania, Hispania Real Socimi, just buy a portfolio of properties in Madrid, after fully and with funds disbursed 42.15 million euros.
Seller is IDL (Donato Group Lasa with homes, offices and hotels for sale and rent). There are four office buildings recently built in business parks and expansion of northern Madrid, with a gross lettable area of 14,547 square meters and 387 parking spaces.
The property purchased with an average occupancy of 71%, are Arcis Building and Building Talos in Las Tablas in Madrid Fuencarral district, near the new headquarters of BBVA; a building in Brussels Avenue in Arroyo de la Vega (Alcobendas), and the fourth in the Poet Rafael Morales complex in San Sebastian de los Reyes.
The two hotels have long-term contract with the NH group and are three stars: the Pacific, with 62 rooms in the Ciudad de Barcelona Madrid and San Sebastián de los Reyes, with 99 rooms in the resort Poet Rafael Morales.
The Minister of Hispania, Concha Osácar, explains: “With this acquisition, Hispania continues to consolidate its presence in the office market quality in the secondary district of Madrid and boosting its hotel portfolio.”
So far, Hispania has invested 262.8 million euros from 550 million raised in its IPO on 14 March, and your wallet adds 84,300 square feet of rentable office space, mainly in Madrid and Barcelona; 213 homes in Barcelona, the residential complex of Sky Island, and three hotels, two recently acquired and Guadalmina in Marbella.
This is the sixth acquisition of the assets starring Socimi Hispania Real Estate and CBRE advised by the second, after the acquisition of the portfolio of Oncisa.
For Mikel Marco-Gardoqui, national director of the consultancy Capital Markets says, “this is the sixth acquisition of the assets starring Socimi Hispania Real Estate and CBRE advised by the second, after the acquisition of the portfolio of Oncisa.
Mikel Marco-Gardoqui, national director at consultancy Capital Markets, notes that “this transaction involves the acquisition of a stable product with good occupancy and cash flow and potential. Shows how the recapitalization of the property system is paying off, channeling of investment through Socimi an efficient vehicle for the tax and estate management portfolio optimization.