Transaction / AssetsOffice building in central Madrid SellerSilicius BuyerTenigla Real Estate € MM9
Silicius Sells an Office Building in the Centre of Madrid
3 June 2019 – Eje Prime
Silicius has taken another step in its strategy to debut on the stock market. The Socimi owned by Mazabi has sold an office building in the centre of Madrid to an investment vehicle created by Tenigla Real Estate for more than €9 million. The property spans a surface area of 3,648 m2 and is leased in its entirety to several tenants.
To undertake this purchase, Tenigla has created an investment vehicle together with several private investors. Following the operation, the company now has €90 million in assets under management.
Ahead of its debut on the MAB, Silicius is planning to create a portfolio worth €740 million by the end of 2019. Currently, the Socimi owns 17 assets worth €160 million, which generate annual income of more than €8 million.
Original story: Eje Prime
Translation/Summary: Carmel Drake