• Transaction / Assets
    Office in Madrid
  • Seller
  • Buyer
    Saint Croix Holding
  • € MM
    24

Saint Croix Buys an Office Building in Madrid for €24M

31 January 2019 – Diario Vasco

The Socimi Saint Croix Holding has acquired an office building located on Calle Juan Ignacio Luca de Tena 17 in Madrid for €23.95 million.

The price of the building, which also includes 166 parking spaces, has been paid in part with two commercial premises owned by the company whose value amounts to €3.5 million, according to the Spanish National Securities Market Commission (CNMV).

Specifically, the commercial premises are located on Calle Caleruega 66, 68 and 70 as well as on Calle Rutilo 21, 23 and 25, both in Madrid.

In addition, the company has paid €20,385,500 in cash to complete the purchase price.

During 2019, the Socimi is planning to undertake a comprehensive renovation of the building to reposition it and adapt it to the standards demanded by the market.

Original story: Diario Vasco 

Translation: Carmel Drake

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