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Vbare invests €4.6M in Madrid’s housing market
31 October 2019 | Vanessa Sousa

The Spanish REIT Vbare has just expanded its portfolio with its latest acquisition in Madrid, the purchase of 35 dwellings and 35 garages for 4.6 million euro.

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All the buildings are located at Calle Monte Igualdo in the Spanish capital and are approximately 10 years old.

The information was advanced by the REIT in a release made available by the Mercado Alternativo Bursátil this Wednesday, where it can be read that the transaction was «carried out using only the company’s own resources, and that the company is currently negotiating its financing with several banks».

The identity of the seller was not disclosed.

With this operation, Vbare now has a portfolio – constituted mainly by houses and retail spaces – with 348 buildings.