23 June 2019 – Idealista
The Ores socimi, which is owned by Bankinter, has just acquired a new commercial space. The store, located in the town of San Sebastián, is currently leased to the Spanish retail giant Inditex and has a total area of 729m2.
The store is located at 26 Calle San Marcial and is occupied by a Zara Kids store.
Ores paid €10.9 million for the asset as part of its continuing strategy to seek growth in its home market of Spain. Last year, the socimi paid out almost 180 million euros in acquisitions. Ores Socimi currently has 34 assets in its portfolio, with a market value of over 357 million euros and a gross annual income of 21 million euros.
Original Story: Idealista – Custodio Pareja
Translation/Summary – Richard D. Turner