• Transaction / Assets
    Alameda Principal, 40, Málaga
  • Seller
  • Buyer
    Banca March
  • € MM

Banca March Purchases a 4-Storey Building in Central Málaga

11 January 2020 – Málaga Hoy

Banca March, the only 100% family-owned Spanish bank, has acquired the property at number 40 on Alameda Principal in Málaga. The financial entity plans to convert the 4-storey property, which spans around 1,000 m2, into an office for its own use.

The financial entity regards Málaga as a crucial location for the development of its business, which is dedicated to private banking and advice family-owned companies

Original Story: Málaga Hoy

Translation/Summary: Carmel Drake

The consideration of the operation has not been revealed but information published in April 2018, when work began on the regeneration of the street, reveals that its asking price at that time amounted to approx. €5 million.

Original story: Málaga Hoy (by Sebastián Sánchez)

Translation/Summary: Carmel Drake