Barcino Buys Building in Barcelona for €1.6M

29 December 2017 – Eje Prime

Barcino is already going on shopping sprees as a listed company. Just 48 hours after making its debut on the Alternative Investment Market (MAB), the Catalan Socimi has purchased a building in the centre of Barcelona for €1.6 million.

The company, which specialises in the management of rental homes, has executed a purchase option, amounting to €1,227,000, which it signed over this property located at number 92 Calle Girona in November, after paying €493,000 for the transfer of the rights to acquire the asset, according to a statement made by the Socimi to the MAB.

The building comprises two commercial premises and seven homes in total, all of which are currently occupied. For the operation, the company has made use of its available own funds, without having to resort to additional financing.

Barcino, whose assets are concentrated in the Metropolitan area of Barcelona, made its debut on the stock market last Wednesday with a share price of €1.33 and a portfolio value of €19.1 million.

Original story: Eje Prime

Translation: Carmel Drake

Socimi Saint Croix’s Portfolio Worth €312M, Up By 16%

21 October 2015 – El Mundo

The portfolio of real estate assets owned by the Socimi Saint Croix Holding Inmobilier was worth €312.1 million at the end of September 2015, according to a statement issued by the company. That figure represents an appreciation of 16.4% with respect to the end of 2014, based on independent appraisal values.

In this way, the portfolio has generated latent profits amounting to €51.23 million, after adjusting for the investments and divestments made by the Socimi so far this year.

Saint Croix Holding Inmobilier closed the first nine months of the year with a profit of €12.84 million, an amount that represents almost five-times the figure recorded a year earlier, thanks to its asset purchases and an improved financial result.

Revenues increased by 31% between January and September, to reach €13.70 million, representing rental income from its hotels, offices and commercial spaces.

Meanwhile, EBITDA amounted to €12.10 million, which represented an increase of 41% with respect to 2014.

Original story: El Mundo

Translation: Carmel Drake