Axia Real Estate acquired a real estate portfolio including office buildings, industrial warehouses and the Planetocio shopping mall situated within the Madrid area from Wereldhave for the total of €99.5 million.
The Socimi (Spanish Reit firm) reports the portfolio consists of ‘excellent quality and perfectly maintained assets‘.
In total, the purchased assets offer a 78.983 square meter GLA and 1.402 parking spaces, distributed over a four-building office complex located at 15 Arroyo de la Vega street, another office property at 15 Fernando el Santo st. (Madrid), an industrial warehouses complex on the Maríano Benlliure street (Rivas-Vaciamadrid) and the Planetocio shopping mall situated in Collado Villalba.
The company has indicated that the transaction amount has been fully disembursed from its own funds.
Original article: Expansión
Translation: AURA REE