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Trajano Earned €24.7M in 2019 thanks to the Sale of an Office Building in Manoteras

The Socimi earned €24.7 million in 2019, compared with €6.2 million in 2018, whereby multiplying its result by almost 300%, according to the accounts published in the Alternative Investment Market (MAB).

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The Alcalá Magna shopping centre belongs to Trajano’s portfolio.

The Socimi earned €24.7 million in 2019, compared with €6.2 million in 2018, whereby multiplying its result by almost 300%, according to the accounts published in the Alternative Investment Market (MAB).

In August 2019, the company, in which Deutsche Bank holds a stake, sold an office complex located in Manoteras 48 for €62.8 million. That price is equivalent to an increase of €12 million euros (+ 23.7%) on the valuation of the asset as of December 2018 and an increase of €18.5 million (+ 41%) on the purchase price. The company chose to distribute the cash obtained from the sale operation, equivalent to €41 million, to its shareholders.

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