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Hispania Seals a Deal on Office Building Transfer For €15 Mln With La Caixa

10/07/2014 – Expansion

According to the information made public today by Hispania Activos Inmobiliarios, a Socimi (REIT) listed earlier this year, the vehicle has just become the new owner of an office building located in Madrid, for which it paid €15 million to Criteria Caixa Holding (La Caixa).

The property was built in 2008. Its area spreads over 5.137 square meters distributed over seven stories. Moreover, the building has got 194 garage spaces.

Hispania buys at a staggering pace as yesterday it announced another acquistion, 90% of ONCE´s Oncisa property manager. It is said that today´s purchase target stands adjacently to Oncisa´s headquarters which might have triggered the transaction.

This way, Hispania has already invested €220.7 million, around 40% of the €550 million funds raised at its bourse debut. Almost entire amount has been intended for office buildings, except for €21.5 million spent on the Hotel Guadalmina in Marbella (Malaga).


Original article: Expansión 

Translation: AURA REE