Operations by Socimis on MAB Rise by 21%

3 July 2019 – Richard D. K. Turner

Operations conducted by firms listed on the MAB rose by 21% to €150 million in the first half of 2019. Tomás Olivo’s General Galerías Comerciales posted the largest amount, investing a total of 67.7 million euros in a series of assets, including €42 million in the Centro Comercial Las Terrazas. Next came Atom’s acquisition of the Hotel Meliá de Valencia for 42.3 million euros, the largest transaction in the second quarter of the year.

Castellana Properties, in turn, acquired El Corte Inglés stores in Bahía Sur, Cádiz, and Los Arcos, Sevilla, for 36.8 million euros. Veracruz Properties Socimi has invested 18 million euros in the purchase of two office buildings on Calle Botiguers, in Paterna, Valencia. The buildings have a total area of ​​26,150 square meters and have 86 offices, 17 shops and 312 parking spaces.

Original Story: EjePrime – Marta Casado Pla

 

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