According to Cínco Días, this will be one of the largest real estate portfolio sales operations in Spain this year, and falls from last year, when it should have been initially closed with Swiss Life. The business ended up falling due to divergences in it.
The assets have an occupation of 87% and are located mainly in Madrid and Barcelona (88% and 83%, respectively). The 20 buildings have a value of €603 million, according to the socimi report of 2017.
The socimi is following a process of divesting of non-strategic assets to focus on the hotel sector, says the same source.