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Almagro buys two assets in Madrid for €1.2M
12 April 2019 | Vanessa Sousa

Almagro Capital acquired, last March, two more residential buildings for 1.2 million euro.

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The building located at Ayala street has 304 sqm and was the most expensive. The Spanish REIT, specialized in senior residences, closed the deal for 1.100 million euro, it can be read in the release sent by the company to Mercado Alternativo Bursátil. Part of this operation was financed through a 550.000 bank loan from Bankinter.

The other asset is located at Nuñez de Balboa street in the Spanish capital, it has 40 sqm and cost 140.000 euro.

In the same document, there is no information concerning the sellers of these assets.

According to Eje Prime, the young REIT’s portfolio now has 25 assets. All are located in prime areas of the Spanish capital.