Lennar sells 4 properties for €3.49M in Spain

Lennar sells 4 properties for €3.49M in Spain

 

According to EjePrime, the transaction was carried out through the company Rialto Capital Management, an investment vehicle with headquarters in Luxembourg, of Lennar.

The sales were made in December, generating a profit for the company of €1.79 million. It will assume a financial cost of approximately €1.2 million.

The same source recalls that Lenna Corporation debuted on MAB with Al Breck at the end of 2016, with about 639 rental homes in the center of Madrid, having formed its asset portfolio through a purchase transaction to Segurfondo Investion in December of 2014. The business plan expects the sale of this portfolio within 5 years, ending in 2020, a process that began with the sale of these 4 assets.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!