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Barcino Buys Building in Barcelona for €1.6M

Posted by: In: Real Estate 03 Jan 2018 Comments: 0 Tags: , , , , , , , , , , ,

29 December 2017 – Eje Prime

Barcino is already going on shopping sprees as a listed company. Just 48 hours after making its debut on the Alternative Investment Market (MAB), the Catalan Socimi has purchased a building in the centre of Barcelona for €1.6 million.

The company, which specialises in the management of rental homes, has executed a purchase option, amounting to €1,227,000, which it signed over this property located at number 92 Calle Girona in November, after paying €493,000 for the transfer of the rights to acquire the asset, according to a statement made by the Socimi to the MAB.

The building comprises two commercial premises and seven homes in total, all of which are currently occupied. For the operation, the company has made use of its available own funds, without having to resort to additional financing.

Barcino, whose assets are concentrated in the Metropolitan area of Barcelona, made its debut on the stock market last Wednesday with a share price of €1.33 and a portfolio value of €19.1 million.

Original story: Eje Prime

Translation: Carmel Drake

The post Barcino Buys Building in Barcelona for €1.6M appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts


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