Yukon Capital acquires a store in Madrid for €25M

Yukon Capital acquires a store in Madrid for €25M

The real estate company Yukon Capital closes the purchase of a premises on Calle Serrano in Madrid for 25 million euros, leased to the fashion firm Michael Kors.

The sale, carried out by Nozar, had to be approved by Mercantile Court number 2 of Madrid, within the framework of the company's bankruptcy proceedings. The value of the operation far exceeds that expected in the Viability Plan of the Agreement.

Nozar is the second company that owes the most to the Treasury, 215 million euros, only behind Reyal Urbis. Since 2009, it has been in bankruptcy proceedings. The initial process was declared null, which forced, in 2018, to start a new one.

The purchasing firm, led by Jordi Rubiralta, has acquired an asset with a surface area of ​​300 square meters and a basement of 200 square meters. The property is linked to a mortgage-backed loan from Unicaja, which will be resolved by the buyer.

Yukon Capital also recently bought the office building located at number 36 Goya Street from the real estate fund Excem and Merlin Properties. The transaction was closed for 52 million euros in a building that will be occupied by the flexible office space company WeWork, which will sign a long-term rental contract.

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