8 May 2018 – Eje Prime
MGS has secured a plot of land in a prime area of Barcelona. The insurance company has purchased a plot with a buildable surface area of 6,700 m2 in Sant Cugat del Vallés. The acquisition of this asset (…) forms part of the company’s real estate investment plan.
The company, which specialises in the supply of insurance products, has been increasing its activity in the real estate sector in recent months, where it is undertaking purchases to increase its portfolio. This operation has been advised by BNP Paribas.
The National Director of the Land Department at the consultancy firm, Araceli Burgos, highlighted that this operation, involving land that may be used for alternative investments, “shows that this market is reaching the same level of maturity that has already been achieved in the rest of Europe”.
Original story: Eje Prime
Translation: Carmel Drake