VBARE acquires a new residential building in Madrid

VBARE  acquires a new residential building in Madrid

At the moment the building is leased by 75%. The company predicts a net annual return of 5%, after the refurbishment works and marketing of vacant units.

With this acquisition VBARE has now a portfolio with 190 properties in several areas of the capital.

This Socimi maintains the capital increase process, scheduled to close down by the end of July, and if it´s fully issued it will raise up to €10.247.913,00. That is, €3.941.505,00 in social capital and €6.306.408,00 in share premium.

VBARE has achieved an average cumulative revaluation of 57% on the amount invested (which reflects on an average discount of 36% on the investment), which, by the end of the Q1 2017, amounted €15,9 M. 

VBARE has, at the moment, 190 properties in its portfolio. So far, the company has examined assets worth over €500M, and his constantly searching for new business opportunities within its sphere of investment policies.


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