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Ores invested €362.5M in 35 assets
17 April 2019 | Vanessa Sousa

Until the end of the first quarter, Spanish REIT Ores acquired 35 assets, which represents a real estate investment of around 362.5 million euro.

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In a release sent to Mercado Alternativo Bursátil, the company mentions that these assets are spread out across Iberia, between Portugal (44.3%) and Spain (55.7%), throughout more than 20 cities. Madrid is the city which will have the most investment from the REIT controlled by Bankinter and Sonae Sierra, representing 14.4% of the whole investment.

Within the retail sector, the typology of the acquired assets is diversified. The REIT focused on hypermarkets (which represent 28% of the total amount invested), mini-hypermarkets (17.8%), retail parks (15%), supermarkets (14,5%), commercial parks (14%) and street retail (9.3%).

One of these operations was closed in March for 5.2 million euro, it can be read in the document. It concerns a commercial space located in Moneda street in Burgos with 724 sqm, which is currently leased to Stradivarius.

 

Photo: Ores