Iante Investments has completed the acquisition of two residential assets for rental in the city of Madrid, according to the socimi.
Specifically, Iante, through one of its subsidiaries, closed the purchase on Monday of a building in the Tetuán district that was a turnkey project under development when the company's shares were first listed on Euronext Access Paris. This property includes 45 apartments, storage rooms and parking spaces.
In addition, another of Iante's subsidiaries completed the acquisition on the 8th of November of an asset in the Butarque neighbourhood in the Villaverde district, which was also a turnkey project when the company's shares were first listed on the French stock exchange. This building includes 40 homes, commercial premises and parking spaces.
The company has explained that these purchases, which "reinforce Iante's commitment to increase and improve the portfolio of rental housing in the Spanish capital", have been financed through loans and contributions from the socimi's shareholders, in addition to funds from a financing agreement with the Dutch bank ING.
Iante Investments was established in 2018 to provide residential rental housing in the Madrid region.
