Galil Capital Acquires Building in Barcelona for €4.2 Million

17 December 2019 – The socimi Galil Capital has acquired a residential building in the neighbourhood of La Sagrera in Barcelona for 4.2 million euros. The asset, located at Calle Concepció Arenal 79, consists of 24 flats and three stores on a basement, ground floor and six upper floors. The building has a total of 2,873 square meters of surface area and is nearly fully leased.

The socimi financed the acquisition through its last capital increase and a €1-million mortgage linked to a part of the property at Calle Còrsega 689 in Barcelona.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner