GPF Capital invests €70M on Inbest Socimi

GPF Capital invests €70M on Inbest Socimi

This operation was carried out through a 35 million euro capital increase, together with a bank loan on the company’s assets, which include building Edifício España’s commercial area in Madrid, several buildings rented to El Corte Inglés in the main areas of Bilbao and Valencia and building Princesa 41, in Madrid.

In total, the REIT has 5 assets in Madrid, Valencia, Las Palmas and Bilbao, corresponding to a 400 million euro investment. For GPF, this portfolio is at «a very advanced state of repositioning its assets and meets all the main characteristics for the most important tenants to be interested in them», quoted EjePrime.

Led by Javier Basagoiti, Inbest Socimi currently controls 4 REITs listed on MAB since 2019 (Inbest I, Inbest II, Inbest III and Inbest IV), estimated at the time, at 83 million euro.

GPF initiated the construction of a new 200 million euro portfolio this year, including buildings Axis, at Plaza Colón, in Madrid, occupied by CaixaBank, a 30 dwelling development in Valdemarín and several logistic warehouses in the North of Spain.

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