PSN Increases its Office Portfolio in Seville, Acquiring a Building in the City’s Historic Centre

6 August 2018

The six-story building and basement have 730 square meters of area. PSN’s mutualists will be able to receive information and advice on the ground floor.

Previsión Sanitaria Nacional (PSN) is expanding its network of offices. The Spanish socimi, made up of university professionals from the health sector, has acquired a six-story building, with basement, in Seville’s centre. The group paid 2.6 million euros for the property that will become the new headquarters of PSN Andalucía in the coming months.

With this move, the socimi will install itself at 21 Paseo de Cristóbal Colón, an important urban artery in the neighbourhood of Arenal, where the most popular touristic buildings are located in Seville’s historic centre, the company said in a statement.

The building, built in 1929 and completely renovated in 1960, consists of 730 square meters. A new information and advice desk for the company’s mutualists will be located on the building’s ground floor, which consists of more than 100 square meters.

Currently, PSN has three offices in Seville. Together, the company owns properties in 30 buildings in 23 cities in Spain and Portugal.

Original Story: EjePrime

Translation: Richard Turner

PSN Gestión Socimi Buys Hotel Soho Boutique in Salamanca for €3M

7 May 2018 – Tribuna Salamanca

PSN Gestión Socimi S.A, the listed real estate investment company tasked with managing the properties owned by the PSN Group that are destined to leasing, has acquired the Hotel Soho Boutique Salamanca for €2.9 million.

This establishment, which has a four-star rating and is located in a central building next to the Plaza Mayor and the central market of Salamanca capital, has a constructed surface area of almost 1,200 m2, spread over seven storeys and a patio area of 25 m2.

According to information provided by the PSN Group, the property has more than 20 bedrooms, as well as lounges, a bar, a dining room and an indoor car park, leased in the building opposite.

In this way, PSN Gestión Socimi S.A. has incorporated the hotel into its real estate portfolio, which already contained another complete building that is used as a hotel in the centre of Madrid, as well as several offices, commercial premises and parking spaces spread over 27 buildings located in 21 cities in Spain and Portugal, with a constructed surface area of more than 15,600 m2, according to the entity.

These properties owned by “the largest company of its kind promoted by an insurance company in the Spanish real estate market” are located in several cities such as Madrid, Sevilla, Valencia, Barcelona, Lisbon, Coimbra and Oporto, amongst others.

PSN Gestión Socimi S.A. started trading on the Alternative Investment Market (MAB) on 22 December 2017 with a global capitalisation of more than €28 million.

Its shares debuted with a reference price of €14.20 and are currently trading at €14.50, according to the company that has purchased the hotel in the centre of Salamanca.

Original story: Tribuna Salamanca

Translation: Carmel Drake

PSN Gestión Socimi Will Debut on the MAB on 22 Dec

20 December 2017 – La Vanguardia

The Board of Directors of the Alternative Investment Market (MAB) has approved the incorporation of the company ‘PSN Gestión Socimi’ into the Socimi segment. It represents the forty-fourth company (of this kind) to join the exchange. Its shares will start trading on Friday 22 December.

The incorporation of the company, which specialises in property investment, comes after the Board’s analysis of the information submitted by the company and after the Coordination and Incorporations Committee issued a favourable assessment report, according to sources at the MAB.

The company’s trading code will be “YPSN”. The registered advisor isVGM Advisory Partners, and Banco Sabadell will act as the Liquidity Provider.

The Company’s Board of Directors has established a reference value for each share of €14.20, which corresponds to a company valuation of €28.1 million in total.

PSN Gestión Socimi is a real estate company, dedicated to property investment, primarily focusing on offices and retail premises to let.

The company owns a portfolio of assets comprising one entire building, dedicated to hotel use, as well as several offices distributed across 27 buildings in 21 cities in Spain and Portugal.

Original story: La Vanguardia

Translation: Carmel Drake