29 August 2019
Vivenio, a socimi owned by Spain’s Renta Corporación and the Dutch fund APG, has acquired three residential buildings, all currently occupied by rental tenants. The assets, which the socimi purchased from Fidere, will add a total of 500 new flats to Vivenio’s portfolio. Two of the apartment blocks are in Madrid and one is in Barcelona.
The deal, which is tied to a series of conditions, will cost the socimi a maximum amount of 85 million euros. The socimi has already deposited 25% of the total.
Original Story: Idealista
Adaptation/Translation: Richard D. K. Turner