The second Excem’ Socimi invest for the first time in Madrid

The second Excem’ Socimi invest for the first time in Madrid

Located at number 3 from Calle Postigo de San Martín, it has 4.000 m2 and 400 beds. The second asset is under negotiation in Malaga.

EjePrime mentions that this Socimi will invest around €250 million until 2018, and wants to go up to the 3,500 beds and a dozen of buildings.

Regarding the locations, Madrid and Barcelona are the main choices, alongside others Spanish touristic cities.

This Socimi answers to a growing demand on the part of young travelers. The company expects that young from all over the world allocate more than €230,000 million for travelling, and there only 6 companies worldwide specialized in this type of accommodation at competitive prices.

A third Socimi, focused on co-working assets, is also part of the Excem plans, refers the same source. So far, Excem “expects a capital increase for Excem Socimi Situr between September and December 2017, and to start being quoted on the MAB in 2019”. 





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