• Transaction / Assets
    homes, storage rooms and parking spaces in Madrid
  • Seller
    Al Breck / Lennar
  • Buyer
    na
  • € MM
    11.6

Lennar’s Al Breck Continues Disinvestment Strategy

28 July 2019 – Richard D. K. Turner

Al Breck, a socimi owned by the Lennar Corporation, has sold 11.6 million euros of homes, storage rooms and parking spaces in the last two months. The sales led to profits of 2.9 million euros.

Between June and October of last year, the company had already sold 41 assets, pocketing 25.7 million euros (and profits of €10.5 million). The socimi took over the assets, all in central Madrid, when it acquired Segurfondo Investion in 2014.

Original Story: Eje Prime

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