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Corpfin Capital sells Commercial Property on Gran Vía for €18 Million

The company finalised the sale of a commercial property located at Gran Vía 55 for a total of €18.4 million.

The real estate management company Corpfin Capital has finalised the sale of a store located at Madrid’s Gran Vía 55. The transaction totalled €18.4 million, according to a note the company sent to BME Growth.

The sale stems from the buyer exercising a call option on the asset, which Corpfin negotiated in September 2018. The buyer has since executed its option to buy the store.

The asset belongs to Corpfin Capital Prime Retail Assets II, 40% owned by Corpfin Capital Prime Retail III Socimi and 60% owned by Corpfin Capital Prime Retail II Socimi. The asset has been part of the company’s portfolio since 2016 and is currently leased to a McDonald’s fast-food restaurant franchise.

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