Excem Sir sells two flats in Madrid for close to €1.3M

Excem Sir sells two flats in Madrid for close to €1.3M
Calle de la Colegiata 9, Madrid (GOOGLE MAPS street view)

Excem Capital Partners Sociedad de Inversión Residencial Socimi (Excem Sir) has sold two properties in the city of Madrid for a total of €1.275 million, the company, which specialises in the coliving of shared flats for students and young professionals, has informed BME Growth.

Specifically, Excem Sir has closed the sale to a private individual of a property at number 9 Calle de la Colegiata, in the Embajadores neighbourhood, in the Centro district. The transaction, which was carried out for 725,000 euros, generated a capital gain for the company of 143,500 euros.

The Socimi also sold a property at number 63 Calle Cea Bermúdez, in the Gaztambide neighbourhood, in the Chamberí district, to another private individual for 550,000 euros. In this case, the capital gain generated was around 145,700 euros.

As a result of these transactions, Excem Sir, which at the end of June sold three other properties in the centre of Madrid for almost 2.3 million euros, has cancelled two mortgage loans it had with Abanca and Caja Laboral-Kutxa.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!