Vbare has agreed to sell 27 flats and two retail units in a building on Calle Vallehermoso in Madrid for €10.9 million, as the SOCIMI continues to divest residential assets in the Spanish capital.
The transaction is expected to be formalised by public deed in the coming months and should generate a net capital gain of approximately €3.8 million. It will also enable Vbare to cancel around €4.28 million in mortgage debt associated with the assets.
The SOCIMI, owned by Impar Capital, has also signed two earnest money agreements for the sale of two additional flats on Calle Vicente Carballal, in Madrid’s Butarque neighbourhood in the Villaverde district. The properties have been agreed for a total of €455,000, with completion expected in the coming weeks.
Vbare expects the second transaction to generate a net capital gain of around €308,000 and to cancel approximately €52,000 in associated mortgage debt.
The latest disposals follow further residential sales in Madrid between April and July 2026. These included a six-flat building on Calle Brihuega, in the San Isidro area of Carabanchel, and three additional flats on Calle Vicente Carballal. The combined sale generated €1.425 million and a net capital gain of approximately €719,000, while €223,000 of associated debt was cancelled.
Impar Capital, which is owned by the Singular Prime Investment fund, acquired Vbare Iberian Properties through a €36 million public takeover offer in November 2024. The transaction expanded the investment vehicle’s portfolio of residential rental assets and increased recurring rental income.
