Socimi Eurosic Investment Spain (BME:YEIS) acquired former BBVA employee residence in the Alicante town of Alfaz del Pi from BBVA Investment Arm for €8.7 million on February 7, 2018. Socimi Eurosic Investment Spain plans to convert the property into a hotel complex. A team of JLL Hotels & Hospitality Group including Manuel Climent acted as advisor to BBVA. Socimi Eurosic Investment Spain (BME:YEIS) completed the acquisition of former BBVA employee residence in the Alicante town of Alfaz del Pi from BBVA Investment Arm on February 7, 2018.