Real Estate
We are pleased to announce that, on June 2023, the Company acquired a tourist apartment building in Madrid with a built up area of 3.607 sqm. The Company will invest a total of €25M euros including purchase and renovation of the property. The acquisition was financed with shareholder contribution in equity and the CAPEX will be financed via equity and bank financing. The Company's asset portfolio totals eight properties, of which five are hotels, two are tourist apartments buildings and one is currently an office building.

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