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Barcino Property Sells Asset in Barcelona for Seven Million Euros

Barcino Property has used a part of the funds from the deal to pay off debts with CaixaBank.

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Barcino Property has sold an asset located in the 22@ district of Barcelona for seven million euros, more than 5% higher than its last RICS valuation, the socimi informed BME Growth on Friday.

As the company explained, “the amount received in the transaction was used, in part, to repay debts with CaixaBank amounting to 1.5 million euros.”

Barcino Property is a socimi specialising in purchasing and refurbishing urban assets for rental. The company mainly invests in entire residential properties in central locations in the Barcelona metropolitan area.

The group currently owns more than ten assets in Barcelona city centre. According to its website, it also has another property in L’Hospitalet de Llobregat.

Read the full article in Spanish

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