PSN Buys a Floor of Offices on c/Claudio Coello in Madrid for €3.45M

31 January 2019 – Eje Prime

PSN is continuing to grow its asset portfolio in Madrid. The Socimi has just closed the purchase of an office on Calle Claudio Coello, in the heart of the capital’s Salamanca neighbourhood for €3.45 million.

Specifically, the company has purchased a floor of offices (the right and left sides) spanning 570 m2 in total with three parking spaces in the same property. The operation has been carried out with a contribution of €1.25 million from own funds and a mortgage of €2.2 million.

The mortgage loan has a duration of twelve years and carries a fixed annual interest rate of 1.7%, according to explanations provided by the company in a statement submitted today to the Alternative Investment Market (MAB).

Moreover, the group has subrogated the lease contract signed for the right-hand office, which is due to expire in October 2024. The left-hand office, by contrast, is vacant.

PSN is whereby adding a new asset in the Madrilenian market, where it acquired a commercial premise in Collado Villalba for €1.3 million last year. During the last year, the company has also purchased two premises in Santiago and Tenerife, for €1 million each, as well as an office building in Sevilla and a hotel in Salamanca for €3 million.

The company, which debuted on the MAB in December 2017, owns a portfolio comprising more than thirty assets including offices, commercial premises and parking spaces in 21 cities across Spain and Portugal. The company expected to close 2018, its first full year on the stock market, with profits.

Original story: Eje Prime

Translation: Carmel Drake

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