The Socimi Ibervalles has confirmed to the market the details of the operation that it revealed at the beginning of December regarding the purchase of an asset in Madrid. The deal required the approval of the Socimi’s Universal Shareholders’ Meeting because its price exceeded 25% of its net assets and, therefore, was considered an essential asset. Now, the firm has confirmed that the operation involved an office building for which it has paid 40 million euros.
Ibervalles, which went public in July, has purchased an asset made up of two blocks, with a constructed surface area of 19,733 square metres located in the Arturo Soria area of the Spanish capital, one of the most sought-after in this real estate segment.
Read the full article in Spanish.
