• Transaction / Assets
    Retail premise on Calle Escudellers, 44 (Barcelona)
  • Seller
  • Buyer
    MK Premium
  • € MM
    1.7

MK Premium Buys its First Retail Premise in Barcelona for €1.7M

26 July 2018 – Eje Prime

MK Premium is diversifying its investments. Specialising in the residential market, the Catalan family office has purchased its first retail premise in Barcelona for €1.7 million. The asset is located very close to Las Ramblas in the Catalan capital.

Spanning a retail surface area of 440 m2, the premises are located at number 44 Calle Escudellers, next to Plaza Orwell. The property is going to be renovated to recover the original serigraphs on its façade.

The property acquired by the family office that is owned by the brothers Daniel and Sergio Leiva was constructed in the 16th century, although the upper floors, dedicated to residential use, were built in 1769. The building has been declared an Asset of Cultural Interest by the Town Hall of Barcelona. MK Premium aspires to achieve an annual return of 5.5% from this property, located in one of the prime retail areas of the Catalan capital. The Leiva brothers will establish a monthly rent of €10,500 for the asset.

With this new purchase, the Catalan real estate company has finished the first half of the year with investments worth more than €9.3 million, spread between its offices in Barcelona, Madrid, Lisbon and Porto.

MK Premium ventured into Portugal at the beginning of 2018, as reported by Eje Prime. Its commitment to the neighbouring country is in line with the real estate company’s roadmap, which details that it is willing to invest up to €25 million this year.

Specifically, the most recent purchase that the company has carried out in the residential sector was in Lisbon. The Catalan real estate firm invested €0.5 million a few weeks ago in its first residential building in the Portuguese capital, as revealed by Eje Prime.

The family office’s portfolio now contains almost fifty assets, although it still needs to buy many more buildings and premises to reach the target of having eighty properties in its portfolio by the end of this year.

Original story: Eje Prime 

Translation: Carmel Drake

81