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real-estate-news Market News: Spanish Real Estate Intelligence

Public assets for 1.2 billion euro to be sold on auction
16 July, Milano Finanza The sale aims at obtaining returns for 950 million euro in 2019 and 150 million in 2020 and 2021. For this purpose, the Land Registry Office identified 420 among property and land for a total value of 420 million euro. The assets will be sold through auction, which will be published in July and will address both private and institutional investors. Meanwhile, the state-owned Invimit Sgr will manage the sale of the public properties transferred to its funds worth in total around 610 million euro. Source Milano Finanza Translator: Cristina Ambrosi