Árima Finances Acquisition of Sonae Spain’s Headquarters

9 July 2019 – Richard D. K. Turner

Árima Real Estate has signed long-term financing agreements with CaixaBank and BBVA for a total amount of 63.8 million euros, using the funds to finalise its acquisition of Sonae Spain’s headquarters in Madrid. The socimi reported that the financing arrangements have flexible conditions and competitive interest rates.

The asset that Árima acquired is in the region of ​​Avenida de América-Torrelaguna in Madrid. The building has a gross leasable area (GLA) of ​​6,759 square meters, along with 110 parking spaces.

Árima’s total investments since its stock market debut six months ago have now reached 173 million euros. The socimi currently has more than 61,000 square meters of GLA. Of that, 89.3% corresponds to office buildings and the remaining 10.7% is in the logistics segment, all in Madrid.

Original Story: El Economista / Europa Press

Hispania Buys 2 Office Buildings From Deka For €54.5M

25 June 2015 – Hispania Press Release

Hispania, through its 100% subsidiary company Hispania Real SOCIMI, S.A.U., has acquired two office buildings in Madrid from Deka. (…)

The Foster Wheeler building is located on C/ Gabriel García Márquez, 2, in Las Rozas, to the Northwest of Madrid. It has a Gross Leasable Area (GLA) of 11,058 m2, spread over three floors and 544 parking spaces. The asset has an occupancy rate of 100%, since it houses the headquarters of Foster Wheeler under a lease agreement.

The 4B Cristalia building (pictured above) is located in the Cristalia business park to the Northeast of Madrid, and has a GLA of 10,928 m2, spread over seven floors, plus 202 parking spaces. (…)

The purchase price agreed for both buildings was €54.5 million, which was fully disbursed with Hispania’s own funds. JLL acted as advisor to Hispania in this transaction.

These two acquisitions perfectly fit with Hispania’s strategy for the office segment in consolidated areas of Madrid.

Both buildings are very well maintained and in optimal condition.

Original story: Hispania Press Release

Edited by: Carmel Drake