Owner of Sociedad de Galerias Comerciales Buys Building In Granada For €29M

Businessman Tomás Olivo, owner of Sociedad de Galerías Comerciales (which debuted on MAB this Tuesday, 4th July, wording €2.054M), just closed the deal with BMN, investing €29M in the acquisition of the building Cortefiel, near Gran Via in Granada.

The property dates back to the beginning of the 20th century, and houses the aforementioned textile firm on the ground floors and offices on the upper levels. According to sources related with the new owner, the plan is to continue the lease contract with Cortefiel and subject the office four floors to a “new renovation”.