Elaia to Sell Seven Tourist Apartment Complexes in Spain

25 June 2019

Looking to rotate its asset holdings, the socimi Elaia announced that it is looking to sell a portfolio of seven tourist apartment complexes in the Balearic Islands, Catalonia and the Costa del Sol. The French company Pierre & Vacances is currently leasing all seven.

The portfolio consists of a 150-flat complex in Sant Lluís, Menorca, two assets in Mallorca, two on the Costa del Sol, one in L’Estartit, Girona, and one in Barcelona.

The firm is looking to attract small and medium investors that would be interested returns of between 4% and 5% per year.

Original Story: EjePrime