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Línea Directa Invests 11.2 Million Euros in Real Estate

It is participating along with other institutional shareholders in the Montepino logistics platform and a Sonae Sierra company by way of its former parent company Bankinter Investment.

Linea Directa

Since its flotation on April 30, the insurance company Línea Directa has invested 11.2 million euros in the real estate sector. According to Expansión, it has entered the logistics and retail sector through its former parent company, Bankinter Investment.

Seven of those eleven million euros have been allocated to the Montepino logistics asset platform. Bankinter Investment bought seven logistics platforms from CBRE GI. Now, these warehouses will be structured through a socimi, in which Línea Directa will own a stake. The possibility of listing on BME Growth is gaining steam after other products of the financial institution already did so, such as Ores Socimi and Atom Hoteles.

It also allocated €4.2 million to a company that bought premises at Puerta del Sol 11. The retail premises are leased to Primor Perfumerías, and Sonae Sierra manages the company.

Read the full article in Spanish


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