The 3648 sqm building was estimated at 9 million euro and has a stable return since it is fully rented to several entities, mentions Spanish newspaper Eje Prime.
This operation is part of the REIT’s strategy to enter the Spanish continuous market during this year’s first semester, which represents an increase in terms of its portfolio’s value. Last month, the company managed by Mazabi integrated 5 buildings of different typologies which increased the value of its portfolio in 30%, representing 160 million euro.
Tenigla Real Estate, which performed this operation through an investment vehicle, has around 90 million euro in assets under management, according to the same newspaper.
Photo: Eje Prime