A patrimonial society buys a building in Chamberí for €9M

A patrimonial society buys a building in Chamberí for €9M

A promoter and patrimonial company has closed the purchase of a residential building in the Chamberí district (Madrid) from a family office. In total, the investment volume of the operation is estimated at 9 million euros, according to The operation was advised by TC Gabinete Inmobiliario, in an off-market operation.

The asset located on Calle Donoso Cortés 21, in the Arapiles neighborhood, Chamberí district, has an area of ​​2,400 sqm. In total, it has 28 apartments with two and three bedrooms, with surfaces of 60 sqm and 90 sqm, respectively. The property has a rehabilitation project and license, which will allow it to acquire more value.

“The transaction is a very interesting operation due to the current shortage of similar properties in Madrid capital. The Chamberí neighborhood is one of the most sought after and has positioned itself as a benchmark in residential investment. In recent years, several projects have been carried out, both for construction and rehabilitation of houses in the district, one of the most expensive in the capital and where prices of up to €12,000 / sqm have been registered, but very few of these projects They have dedicated themselves to rental housing, which will make an important contribution to the Neighborhood in terms of quality rental housing, which in terms of income has also registered a significant increase in recent years, which is an incentive for investors " , explains Ricardo Díaz, director of the Investment department of TCGI.

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