Zaragoza Properties Abandons the Socimi Structure

29 January 2020 – Eje Prime

The new owners of the Puerto Venecia shopping centre in Zaragoza are dissolving their Socimi, Zaragoza Properties. The joint venture owned by Generali Real Estate and Union Investment acquired Puerto Venecia from Intu in December for €475 million.

Zaragoza Properties made its debut on the MAB in September 2015, but its shares have now been excluded from trading. It is only the second Socimi to abandon the stock market after Domo Activos.

Original Story: Eje Prime

Translation/Summary: Carmel Drake