Barcino Acquires Apartment Building in Barcelona for €4.2 Million

18 December 2019 – The socimi Barcino has acquired an 11-flat apartment building in the centre of Barcelona for 4.2 million euros. The socimi paid 20% of the price using equity, partially guaranteeing the rest of the payments with a mortgage loan on the property.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Galil Capital Acquires Building in Barcelona for €4.2 Million

17 December 2019 – The socimi Galil Capital has acquired a residential building in the neighbourhood of La Sagrera in Barcelona for 4.2 million euros. The asset, located at Calle Concepció Arenal 79, consists of 24 flats and three stores on a basement, ground floor and six upper floors. The building has a total of 2,873 square meters of surface area and is nearly fully leased.

The socimi financed the acquisition through its last capital increase and a €1-million mortgage linked to a part of the property at Calle Còrsega 689 in Barcelona.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Vivenio Acquires the Edificio Consulado in Central Madrid

11 December 2019 – Vivenio, the socimi controlled by the Dutch giant APG and the Catalan real estate firm Renta Corporación, have acquired the historic building located at Calle Atocha 38, in central Madrid.

The property was the home of the Consulate cinema and the club of the same name for many years and is a part of the city’s history. The Edificio Consulado has 47 rental flats, each with allocated storerooms and parking. Vivenio is thought to have paid roughly 24 million euros for the asset.

Original Story: El Confidencial – Ruth Ugalde

Adaptation/Translation: Richard D. K. Turner

Silicius Starts Spending: Buys Four Buildings in Central Madrid

2 December 2019 – The socimi Silicius Inmuebles has finalised the acquisition of four properties in central Madrid for more than 35 million euros. The socimi, which is controlled by the Spanish financial group Mazabi, intends to renovate the four buildings for the residential rental market. The assets have a total surface area of ​​7,466 m2, including 5,000 m2 for 25 flats, 1,635 m2 for four stores and an 829-m2 pavilion.

The acquisition is Silicius’s first of residential assets in Spain. The firm is looking to increase and diversify its asset portfolio to reach the optimal size for its expected IPO early next year.

Original Story: Merca2 – J.R.

Adaptation/Translation: Richard D. K. Turner

Vbare Acquires Apartment Building in Madrid for €4.6 Million

30 October 2019 Vbare has agreed to acquire 35 flats and 35 parking spaces for €4.6 million (plus transaction costs). The properties are located on Calle Monte Igueldo in Madrid.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Elix Vintage Acquires Two Buildings in Madrid

14 October 2019 Elix Vintage, a socimi controlled by the investment firms KKR and Altamar, has acquired two residential buildings, both currently leased, located on the Fomento and Ave María streets in Madrid.

Elix Vintage paid 8.425 million euros for the two assets and will invest more in renovations.

Original Story: Expansión – Rocío Ruiz/ Marisa Anglés

Adaptation/Translation: Richard D. K. Turner

Vbare Pays €6.6 Million for an Apartment Building in Madrid

8 October 2019 The socimi Vbare Iberian Properties has finalised the acquisition of a 10-flat apartment building with two commercial premises on Calle San Andrés, a prime residential area in central Madrid. Vbare paid €16.3 million for the asset.

Original Story: La Vanguardia / EFE

Adaptation/Translation: Richard D. K. Turner