The loan is to acquire the Gran Vía 18 building, which will become the new flagship store of the marketplace owned by Dimas Gimeno, former president of El Corte Inglés.
The 10,000 assets that comprise it are half land and half residential and commercial, primarily in Andalusia and the Basque Country.
Tourist rentals in the capital are still in the doldrums, with a 10% reduction in prices compared to January 2019, according to the consultancy firm CBRE.
July was an important month for the real estate sector in Spain, where we saw an array of transactions in the logistics, office and hotel sectors. One of the most recent saw Aedas acquire the developer Áurea Homes, while the major listed companies unveiled their returns for the first half of the year.