• Transaction / Assets
  • Seller
  • Buyer
  • € MM

Goldman Sachs Pays €355 Mn For a 38-Building Portfolio of Bankia

2/12/2014 – El Economista

Bankia announced a sale of a portfolio consisting of 38 real estate assets (blocks of apartments, shops, logistic warehouses) to Goldman Sachs offering €355 million for them.

In a statement, the entity explained the deal precisely included 27 apartment blocks of a total area of 125.000 square meters and encompassing 1.336 homes, 1.565 parking spaces, 584 storage rooms and 48 retail units attached to these properties.

The Retail Buildings

Apart from the residential buildings, also nine commercial units fell into hands of the U.S. fund. Altogether, they have a 18.000 square meter area, and two logistic warehouses cover 10.521 square meters.

Additionally, the deal conveys assets formerly belonging to a real estate fund of the bank, as well as some unique properties.

 

Original article: El Economista

Translation: AURA REE

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