According to the Spanish journal Expansión, the company explained in a press release that this transaction, named Project Boston, is taking place in the "positive climate” of the real estate market and adds to the reinvestment of 3,500 properties from Project Buffalo, announced last February. This transaction is in line with BBVA’s strategy to reduce their real estate product.
BBVA has not revealed the buyer’s name, but has stated that the gross value is more than 300 million euros.
The same source says that the properties, with areas of between 1,000 and 24,000 square metres, are situated in Cataluña (eight units), Madrid (five) and the Comunidad Valenciana (one).