SOCIMI Optimum III expects to invest an additional €60M

<p>Optimum III Value-Added Residential, lthe first residential SOCIMI, listed up to closing, has stated that they are to dispose of an additional approximately 60 million euros in investment up to March 2018, taking into account current capital levels and the objective leverage rates. This was the content of the note “Advance in Investments” brought out by Arcano, the registered assessor for the SOCIMI.</p>

Optimum III has a social capital of 54 million euros and a leverage objective of a loan to cost of between 50% and 75%. Up to now, they have invested in six assets for a total of 40.1 million euros and a GLA of 15,836 m². These transactions were partly financed by two loans at a total of 17.5 million euros.

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