The company purchased a building on Rey Francisco street in Argüelles, which will be placed on the rental market. The listed building is located near university centers, and will be fully renewed to create 23 rooms. The stores will be transformed into common areas, according to Expansion.
The investment of €200 million will be made jointly with the Malaysian group Amprop, with whom it established a joint venture in the country. The idea is to double its asset portfolio by 2022.