Saint Croix Acquires Office Building In Madrid For €3M

9 February 2017 – La Vanguardia

The Socimi Saint Croix Holding Inmobilier has purchased an office building in Madrid for €3 million, according to a statement filed today by the company with Spain’s National Securities and Exchange Commission (CNMV).

The property, located on Calle Francisco Hervás, 13, close to Paseo de la Castellana, has a surface area of 1,827 m2 and 11 parking spaces.

The Socimi has explained that it intends to remodel the whole building and then lease it out.

Saint Croix Holding Inmobilier owns other offices buildings in Madrid, such as the one on Calle José Abascal, 41, which is currently occupied by the Ministry of the Environment, the public company Tragsa and Kuwait Petroleum, – and which it acquired for €19 million on 2 December 2016.

Original story: La Vanguardia

Translation: Carmel Drake

New Socimi on the Spanish Horizon

22/10/2014 – Expansion

A real estate investment trust (known as a Socimi in Spain) from Luxembourg moves in to Madrid. Saint Croix Holding Immobilier, controlled by the Colomer family also owning Pryconsa, holds several hotels in Huelva and office buildings in Madrid.

Still, the Socimi will continue to trade on the Luxembourg stock exchange market (entrance pictured).


Original article: Expansión

Translation: AURA REE