Vbare Iberian Properties Socimi has completed the sale of 14 properties in the city of Málaga, as part of its process to divest non-strategic assets that began at the end of 2019 and just a few days after it declared a profit of 1.2 million euros (0. 32 euros per share) for the period January and September 2022.
The sales price of these assets in the capital of the Costa del Sol amounted to approximately 1.96 million euros, which is 3.6% higher than the independent RICS valuation of those assets as at 30 September 2022. Therefore, the operation has generated leveraged results for the company with an IRR of 14.26% and a multiple of 1.76x.
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