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Nyesa buys 202 dwellings for €24.96M
03 January 2020 | Vanessa Sousa

Spanish Nyesa reached an agreement with Grupo Cajamar to acquire a set of 202 houses, located in Spain, for a total 24.96 million euro.

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In order to purchase the assets, which total 22.000 sqm, Nyesa contracted a 16.35 million euro loan with Cajamar Caja Rural, using the asset Torres de Hércules as collateral.

This acquisition represents an investment in the Spanish housing rental market, since 65% of these houses (131) will be placed on the rental market. The remaining 71 units should be traded, as revealed by the company in a release made available at the Comisión Nacional Del Mercado de Valores.

With this operation, Nyesa closed cycle with a 500 asset portfolio, half directed at the rental market and the other half to the trading market.