MERLIN Properties SOCIMI, S.A. acquired 14.46% stake in Distrito Castellana Norte, S.A. from Grupo Empresarial San José, S.A. for approximately 170 million.
November 12, 2019
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MERLIN Properties SOCIMI, S.A. (BME:MRL) acquired 14.46% stake in Distrito Castellana Norte, S.A. from Grupo Empresarial San José, S.A. (BME:GSJ) for approximately 170 million on October 2019. MERLIN Properties also provided 86 million long-term loan to facilitate the refinancing of the group.
MERLIN Properties SOCIMI, S.A. (BME:MRL) completed the acquisition of 14.46% stake in Distrito Castellana Norte, S.A. from Grupo Empresarial San José, S.A. (BME:GSJ) on October 2019.
Merlin Properties SOCIMI, S.A. is a listed Real Estate Investment Trust (REIT). The Company acquires, actively manages, invests and selectively rotates commercial real estate assets in Spain and Portugal.
Rental income breaks down by type of asset between offices (53.6%), shopping centers (26.4%), logistics sites (16.9%) and other (3.1%).
In 2023, the asset portfolio of Merlin Properties SOCIMI, S.A. was worth EUR 11.3 billion and generated EUR 475.6 million of rental income.
The company aims to remunerate the shareholders through a combination of annual dividend distribution and value enhancement of the EPRA NAV of the Company.
MERLIN Properties SOCIMI, S.A. acquired 14.46% stake in Distrito Castellana Norte, S.A. from Grupo Empresarial San José, S.A. for approximately €170 million.