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Silicius and Merlin in Talks on Transfer of Three Shopping Centres

2 December 2019 – The socimi Silicius is close to finalising negotiations to take on three shopping centres worth €175 million from Merlin Properties. The agreement, which would involve a capital increase, to take the socimi’s total portfolio from €470 million to approximately €650 million, nearer to its goal of reaching one billion euros in assets in the first quarter of 2020.

Silicius only has debts of €200 million, and the firm is currently finalising several other possible acquisitions worth €100 million in Spain.

Original Story: El Confidencial – Ruth Ugalde

Adaptation/Translation: Richard D. K. Turner