• Transaction / Assets
    Gran Vía 4
  • Seller
    Autonomy Spain Real Estate
  • Buyer
    The Riberas family
  • € MM
    43

The Riberas Family Buys Gran Vía 4 from Socimi Autonomy Spain

21 December 2017 – Eje Prime

Autonomy Spain Real Estate owns a portfolio comprising two buildings: Omega, located in Madrid, and Pallars, located in the 22@ district of Barcelona.

The Riberas family is gaining weight in the real estate sector. The owners of Gestamp and Gonvarri have acquired an office building located at number 4 Gran Vía for €43 million. The property was owned until now by the Socimi Autonomy Spain.

The price paid by the Riberas family is 40% higher than the most recent valuation of the building and more than double the amount paid by the fund, according to El Confidencial. The Riberas family has undertaken this operation through its holding company Acek Desarrollo y Gestión Industrial, with the aim of moving into the building shortly.

Through Acek, the brothers Jon and Francisco Riberas control the largest industrial group in Spain, whose flagship brands include the automobile component manufacturer, Gestamp, a listed company with a market capitalisation of €3.378 billion, and the steel company Gonvarri.

Autonomy Spain Real Estate owns a portfolio comprising two buildings, Omega, located in Madrid, and Pallars, located in the 22@ district of Barcelona. The company was created in 2012, with the aim of analysing investment opportunities in the Spanish real estate sector. The main objective of the company is the acquisition and management of the highest quality properties in prime locations.

Original story: Eje Prime

Translation: Carmel Drake

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