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The Socimi Owned by the Polanco Family Buys a Building in Madrid and Land in Barcelona for €5.4 Million

Home Capital Rentals is planning to renovate the property in Madrid and build homes on the land in Barcelona.

Edificio residencial Farmacia 12 de Home Capital Socimi
Building owned by the Socimi.

The Socimi Home Capital Rentals, owned by the Polanco family, has been on a shopping spree. The company has acquired a building located on Calle Santa Engracia 96, in the Chamberí district of Madrid for 2.9 million euros.

The company is planning the (partial) demolition of the existing property and the subsequent construction of a new building comprising 14 homes and a constructed surface area of just over 1,000 m2, according to information sent to BME Growth.

Read the full article in Spanish.

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