Gavari sells its coliving in Getafe for €5.5M

Gavari sells its coliving in Getafe for €5.5M

Socimi Gavari has sold its 'Coliving Carlos III' project for €5.53 million, the company informed BME Growth in a statement.

The asset is located on Calle Daoiz in the Madrid municipality of Getafe, opposite the Carlos III University, and has 38 homes and common areas distributed among its more than 2,430 square metres of built area.

Gavari already pointed out in the presentation of its annual accounts that it had a pre-agreement for the sale of the asset. In addition to this divestment, the socimi has also sold a large part of its portfolio of dispersed housing. Of the total of sixteen units it had in different buildings in Madrid, it has sold thirteen.

In parallel to the announcement of the sale in Getafe, the socimi has also announced that it has closed a financing agreement for 5.5 million euros with the financial institutions Bankinter and Banco Pichincha.

The annual interest rate for the loan signed with Bankinter will correspond to Euribor plus a margin of 2.5% per annum, with a fixed rate of 5.5% for the first twelve months. The financing with Banco Pichincha will also be referenced to Euribor plus a margin of 2.5% per annum, the first twelve months being 5.85% fixed.

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