MK Premium Acquires Another Building in Barcelona for €3.8M

31 January 2019 – Eje Prime

MK Premium is starting the year with new purchases. The company has acquired another building in Barcelona for €3.8 million. The asset is located at number 5 Calle Milans, a street in the ‘Gótico’ neighbourhood where the company already owns another property.

According to explanations provided by the company, it is a historical property, constructed in 1870, with a total surface area of 1,107 m2, comprising seven homes and two commercial premises.

In 2017, MK Premium acquired the building located at number 4, with a total surface area of 2,700 m2, worth €10 million. With this purchase of number 5 Calle Milans, the Spanish property company has invested almost €14 million and owns assets spanning more than 3,700 m2.

The Spanish property firm, specialising in real estate assets ended 2018 with a profit of €2.12 million, which represented an increase of 135% with respect to 2017. The company’s turnover for the year amounted to €14.63 million (…).

Original story: Eje Prime

Translation: Carmel Drake

MK Premium to Invest €8M in Asset Purchases in Barcelona

17 October 2018 – Eje Prime

MK Premium is focusing on Barcelona. The company led by the brothers Daniel and Sergio Leiva is going to invest €8 million in the acquisition of assets in the metropolitan area of Barcelona. With this commitment, the company will make its debut in municipalities such as L’Hospitalet de Llobregat, Badalona and Santa Coloma de Gramenet.

For Daniel Leiva, one of the co-founders of the company, “the time has come to expand our business opportunities to other municipalities bordering the Catalan capital, where there are real estate products that fit with our business model”.

The Catalan family office expects to announce its first purchase in the metropolitan area of Barcelona in the coming weeks. Moreover, the company is going to continue to renovate its properties to improve their conditions and returns.

These plans coincide with MK Premium’s business strategy over the medium term. The company is planning to expand its capital estate by 50% and to extend its presence to other cities in Spain.

Founded in 2012, MK Premium owns buildings in Madrid and in Portugal – it first expanded to that country at the end of December. The Spanish real estate firm is planning to increase its real estate investment by 15% this year and close 2018 with a profit, following the acquisition of more than eighty assets.

Original story: Eje Prime

Translation: Carmel Drake

MK Premium Buys its First Retail Premise in Barcelona for €1.7M

26 July 2018 – Eje Prime

MK Premium is diversifying its investments. Specialising in the residential market, the Catalan family office has purchased its first retail premise in Barcelona for €1.7 million. The asset is located very close to Las Ramblas in the Catalan capital.

Spanning a retail surface area of 440 m2, the premises are located at number 44 Calle Escudellers, next to Plaza Orwell. The property is going to be renovated to recover the original serigraphs on its façade.

The property acquired by the family office that is owned by the brothers Daniel and Sergio Leiva was constructed in the 16th century, although the upper floors, dedicated to residential use, were built in 1769. The building has been declared an Asset of Cultural Interest by the Town Hall of Barcelona. MK Premium aspires to achieve an annual return of 5.5% from this property, located in one of the prime retail areas of the Catalan capital. The Leiva brothers will establish a monthly rent of €10,500 for the asset.

With this new purchase, the Catalan real estate company has finished the first half of the year with investments worth more than €9.3 million, spread between its offices in Barcelona, Madrid, Lisbon and Porto.

MK Premium ventured into Portugal at the beginning of 2018, as reported by Eje Prime. Its commitment to the neighbouring country is in line with the real estate company’s roadmap, which details that it is willing to invest up to €25 million this year.

Specifically, the most recent purchase that the company has carried out in the residential sector was in Lisbon. The Catalan real estate firm invested €0.5 million a few weeks ago in its first residential building in the Portuguese capital, as revealed by Eje Prime.

The family office’s portfolio now contains almost fifty assets, although it still needs to buy many more buildings and premises to reach the target of having eighty properties in its portfolio by the end of this year.

Original story: Eje Prime 

Translation: Carmel Drake

MK Premium Buys 2 Residential Buildings In Barcelona

15 November 2017 – Inmodiario

MK Premium, the family-owned real estate company, has just acquired two new buildings in the city of Barcelona, on the same street. With a total investment of €1.5 million, the two buildings, located in the Sants neighbourhood, specifically on Calle Gayarre, at numbers 38 and 42, have a combined surface area of 1,082 m2.

“We were presented with the opportunity to acquire the two buildings, which are almost next door to each other, at the same time. These properties date back to the end of the 19th and beginning of the 20th centuries and are located in one of the fastest growing areas of Barcelona in terms of population. The two buildings have a combined surface area of more than 1,000 m2 and contain 9 homes, plus one retail store, with the individual surface areas ranging between 70 m2 and 88 m2. Despite the political situation in Cataluña, the real estate market is still active; the outlook for the last two months of the year is very good”, said Daniel Leiva, Founding Partner at MK Premium.

The property on Calle Gayarre, 42 dates back to 1900, and has a total surface area of 660 m2, comprising 6 homes; whilst the building located at number 38 is older, dating back to the end of the 19th century (1878), comprising 3 apartments and a retail store, with a total surface area of 424 m2 (…).

From these two buildings, located in one of the most well-connected parts of the Catalan capital, MK Premium expects to obtain a profit of 8% from the rental of each one of the homes, but not before subjecting both properties to a comprehensive renovation process, to restore the two iconic buildings to their former glory. (…).

These two latest acquisitions take MK Premium’s portfolio to 94 assets in 2017. The company expects to close one of its best years ever, at a time when it has completed its expansion plans, by opening an office in Madrid, on Paseo de la Castellana.

Original story: Inmodiario

Translation: Carmel Drake

MK Premium Will Buy Around 50 New Assets In 2017

9 October 2017 – Eje Prime

MK Premium, a company headquartered in Barcelona that specialises in real estate investments and renovating buildings, is outlining a new growth plan for the next few months. The company has set itself the objective of adding 50 new assets to its portfolio before the end of the year.

The Barcelona-based company acquired 26 assets in total during the first six months of the year, according to El Economista. Out of all of its operations, the company highlights the purchase of number 4 Calle Milans in Barcelona, which has a surface area of 2,600 m2 and is worth €10 million.

In general terms, the company led by Daniel and Sergio Leiva, has carried out 150 operations and invested almost €90 million during the five years that it has been active, according to the group.

MK Premium finished the first six months of the year with a significant rise in its turnover, to €14.4 million and a profit of €1.7 million. In 2016, the company ended the year with turnover of €13.7 million and a net profit of €1.5 million.

Original story: Eje Prime

Translation: Carmel Drake