Coronavirus Leaves the Occupancy Rate of Home Capital’s Properties at Minimum Levels

21 April 2020 – Brainsre.news

The Socimi has acknowledged that there is a risk that the building work that it is carrying out in some of its buildings may be temporarily suspended due to the pandemic.

The Socimi Home Capital, which rents apartments to professionals on business trips, has indicated that the average occupancy of its building on Blasco de Garay, 32 in Madrid stands at 50.3%, whilst the asset that it owns on Gignàs, 26 in Barcelona has an occupancy rate of 7.9%, as reported by the firm to the Alternative Investment Market (MAB). The company does not believe that the occupancy level of its buildings will improve for as long as the current restrictions continue.

The Socimi, which made its debut on the alternative market in the midst of the coronavirus crisis, has acknowledged that there is a risk that the building work that it is carrying out in some of its buildings may be temporarily suspended, in the event of a possible closure of the work centres by the administration, with the consequent delay in their completion.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

74