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Azaria reduces capital in €2M
10 October 2019 | Vanessa Sousa

As a result of the amortisation of shares from its treasury stock, Spanish REIT Azaria Rental reduced its capital in 2 million euro.

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With this process, the company’s share capital is now estimated at 6 million 259 thousand euro. According to the note issued by Mercado Alternativo Bursátil this Wednesday, this amount represents an equal number of shares from the REIT, since those shares are valued at 1 euro each.

One of Azaria’s main strategies is to obtain attractive yields by investing in real estate. Currently, the company owns a business park located at Calle Miguel Yuste 40 in Madrid, which consists of 5 office buildings with a total combined area of 46.481 sqm. The complex also has 345 parking spots. It is currently fully leased to Grupo Prisa, a media giant in Spain.