Nyesa Raises Capital with New Investors & an Office Portfolio in Cádiz worth €22M

30 October 2018 – Eje Prime

Nyesa is continuing with its plan to capture investors and increase its share capital and portfolio. The Spanish real estate company has agreed to a capital increase, which will allow the company Olaf y Rubí to become one of its shareholders. Following the operation, Nyesa’s new shareholder will introduce into the company’s portfolio 95 offices in Las Torres De Hércules, in Cádiz, worth €22 million, according to a statement filed by the company with Spain’s National Securities and Markets Commission (CNMV).

The investment, which will see Olaf y Rubí acquire a 21% stake in the real estate company, is conditional upon Nyesa’s largest shareholders (the US group Gaber, the Russian investors Eldarov, Ivanov, Samodurov and the company Fanumceo) considering that the assets in question will pass an urban planning, legal, tax and financial review.

Olaf y Rubí’s portfolio is associated with a mortgage amounting to almost €4.8 million. The new shareholder of the real estate company will subscribe to a line of credit to cover all of the costs relating to the mortgage (…).

Las Torres de Hércules, located in the Bay of Algeciras, were designed by the prestigious Spanish architect Rafael de la Hoz. Their tenants include companies such as the Danish logistics giant Maersk, which houses its headquarters for Southern Europe in the complex.

Standing 126 m above the city, the building was the tallest in Andalucía for several years, until the completion of Torre Sevilla, owned by CaixaBank. The property, which comprises two towers, spans a surface area of almost 20,000 m2 and was acquired by the Socimi Brickstock in September.

Original story: Eje Prime

Translation: Carmel Drake

Brickstock Buys the Torres de Hércules in Cádiz

11 September 2018 – Eje Prime

Brickstock is acquiring real estate assets. The Socimi has completed the purchase of Las Torres de Hércules in Cádiz, in an operation whose amount has not been revealed. The building is located in the Las Marismas de Palmones complex, in the town of Los Barrios, Cádiz.

Las Torres de Hércules in Cádiz are two 20-storey buildings, each with a surface area of 1,000 m2. The properties are mainly home to offices, with 148 separate spaces with a surface area of 122 m2 each. Currently, some of them are leased to companies such as the Danish shopping firm Maersk. The construction cost of the building, completed in 2009, amounted to €40 million.

The Spanish Socimi, Brickstock, which is awaiting its imminent stock market debut, has acted in the framework of its real estate investment plan in Spain. The company already owns a significant portfolio of properties located all over the country.

Original story: Eje Prime 

Translation: Carmel Drake