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Home Capital Acquires Rental Apartment Building in Madrid

The Spanish socimi Home Capital Rentals (HCR) has completed its acquisition of an apartment building located at Calle General Pardiñas 20, in Madrid's Salamanca district.

HCR paid 10.72 million euros for the property, which has a surface area of 3,223 square metres. The acquisition was financed through equity.

The company debuted on the former MAB at 8.36 euros per share in March 2020, valuing the company at 50.2 million euros.

Founded in 2009, HCR specialises in acquiring and refurbishing urban-centre residential real estate assets for rent. Timón, the Polanco family’s holding company, owns 26% of the company, which is chaired by Borja Jesús Pérez Arauna, who also holds an indirect 6.84% stake in Timón.

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