• Transaction / Assets
  • Seller
  • Buyer
  • € MM

Inmobiliaria del Sur Buys a Seville Plot From Sareb

12/12/2014 – ExpansionPro, Idealista

Listed developer Inmobiliaria del Sur (Insur, headquarters pictured) has signed an agreement with Sareb, Spain’s bad bank, on a purchase of a plot of nearly 9.500 square meter buildable area situated in Seville. Transaction price has not been disclosed.

The land, formerly a car workshop, will serve as a base for a housing development including 64 homes, several shops and 148 underground parking spaces. The project will cost Insur 16 million euros.

The real estate company, controlled by Pumar family, earned 3 million euros last year. Wednesday, the firm’s shares closed up 3.82% at 6.8 euros a share.

 

Original stories: ExpansiónPro (Jueves 11 de Diciembre, pp 14), Idealista

Translation: AURA REE

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