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The Socimi All Iron RE Buys a Property in Sevilla to Build 50 Apartments

The Socimi has disbursed almost 10 million euros for an asset spanning more than 3,700 m2, located in the centre of Sevilla, where it plans to build 50 apartments for short and medium stays.

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The Socimi All Iron RE I, founded by Ander Michelena and Jon Uriarte, creators of Ticketbis, has acquired a property in Sevilla for 9.8 million euros. In it, the company plans to build a complex of around 50 serviced apartments – the term by which traditional apartment hotels are known in the sector.

The operation, signed last Friday, is subject to the fulfilment of several conditions precedent. However, once the purchase has been closed, it will represent the entry of the Socimi into the city of Sevilla.

Read the full article in Spanish.

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