Almagro Capital Tripled its Property Portfolio in 2019 but Doubled its Losses

29 April 2020 – Brainsre.news

The Socimi, which specialises in the purchase and subsequent rental of homes for the elderly, lost €805,238 in 2019, despite multiplying its property portfolio by 3, in the midst of its business expansion.

The Socimi, which specialises in the purchase and subsequent rental of homes for the elderly, lost €805,238 in 2019, despite multiplying its property portfolio by 3, in the midst of its business expansion.

Almagro closed 31 December 2019 with a portfolio spanning more than 8,300 square metres, corresponding to 58 properties in the city of Madrid. That figure represents an increase of 310% compared to the end of the previous year.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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