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PSN Gestión Socimi Buys Hotel Soho Boutique in Salamanca for €3M

Posted by: In: Real Estate 08 May 2018 Comments: 0 Tags: , , , , , , , , , , ,
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7 May 2018 – Tribuna Salamanca

PSN Gestión Socimi S.A, the listed real estate investment company tasked with managing the properties owned by the PSN Group that are destined to leasing, has acquired the Hotel Soho Boutique Salamanca for €2.9 million.

This establishment, which has a four-star rating and is located in a central building next to the Plaza Mayor and the central market of Salamanca capital, has a constructed surface area of almost 1,200 m2, spread over seven storeys and a patio area of 25 m2.

According to information provided by the PSN Group, the property has more than 20 bedrooms, as well as lounges, a bar, a dining room and an indoor car park, leased in the building opposite.

In this way, PSN Gestión Socimi S.A. has incorporated the hotel into its real estate portfolio, which already contained another complete building that is used as a hotel in the centre of Madrid, as well as several offices, commercial premises and parking spaces spread over 27 buildings located in 21 cities in Spain and Portugal, with a constructed surface area of more than 15,600 m2, according to the entity.

These properties owned by “the largest company of its kind promoted by an insurance company in the Spanish real estate market” are located in several cities such as Madrid, Sevilla, Valencia, Barcelona, Lisbon, Coimbra and Oporto, amongst others.

PSN Gestión Socimi S.A. started trading on the Alternative Investment Market (MAB) on 22 December 2017 with a global capitalisation of more than €28 million.

Its shares debuted with a reference price of €14.20 and are currently trading at €14.50, according to the company that has purchased the hotel in the centre of Salamanca.

Original story: Tribuna Salamanca

Translation: Carmel Drake

The post PSN Gestión Socimi Buys Hotel Soho Boutique in Salamanca for €3M appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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