Uro Property sells 15 of Santander’s offices

Uro Property sells 15 of Santander’s offices

Strengthening their presence on Spanish territory, M&G Real Estate bought this package for about 56.2 million euros, according to Spanish Real Estate.

These branches have an annual rent of 3.04 million euros, with rental contracts ending between 2036 and 2047, forming part of the investment strategy of the British fund manager.

Created in 2015, when it launched on the MAB, Uro Property has a portfolio of Santander banking offices estimated to be worth about 1,893 million euros. This year it launched on the stock exchange with a valuation of 259.7 million euros and a portfolio of 1,136 of Santander offices, with very long term rental contracts.


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