We offer all the tools necessary for landing the full scope of business you really deserve.
Feel free to call us: +34 617 369 878

Silicius Acquires Offices in Madrid’s Prime Areas & Prepares Purchases Worth €500M

Posted by: In: Real Estate 24 May 2018 Comments: 0 Tags: , , , , , , , , , , ,
.

22 May 2018 – Eje Prime

Mazabi’s Socimi is growing its real estate portfolio. Silicius has purchased an office building in Madrid worth €20 million. The asset, located in the prime Salamanca neighbourhood, has a surface area of 2,350 m2 and has just been renovated.

The property was acquired by Mazabi in 2014 and, following the refurbishment, that same family office’s Socimi has won the auction for the building, in which several international funds and a Spanish insurance company participated, according to Idealista.

Similarly, the Spanish manager is working to undertake new investments over the next few months, ahead of its stock market debut, which is scheduled for later this year. The only question remaining is whether it will trade on the MAB or the main stock exchange. The real estate company is currently working on purchase operations amounting to almost €500 million.

Mazabi’s vehicle wants to reach an investment volume of €300 million before it rings the bell (makes its stock market debut) and opens up its share capital to new shareholders. They will boost its development in the Spanish market, where it owns a portfolio worth €120 million comprising commercial premises and offices in Madrid, as well as a hotel in Cádiz.

Original story: Eje Prime

Translation: Carmel Drake

The post Silicius Acquires Offices in Madrid’s Prime Areas & Prepares Purchases Worth €500M appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

LinkedInFacebookTwitterGoogle+PinterestShare

Sorry, the comment form is closed at this time.