Grupo Ortiz Properties SOCIMI, S.A. agreed to acquire Concesionaria Collado Villalba, El Arce De Villalba and Ortiz Sport Factory in Spain for €44.9 million.
March 25, 2019
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Grupo Ortiz Properties SOCIMI, S.A. (BME:YGOP) agreed to acquire Concesionaria Collado Villalba, El Arce De Villalba and Ortiz Sport Factory in Spain for €44.9 million on March 26, 2019. The acquisition includes two car parks under concession contracts, two residential sets and sports center under surface rights contracts. Grupo Ortiz Properties SOCIMI, S.A., has approved the increase of its share capital for purchase of assets. Total value of share capital increase will be €19.3 million which will be used for acquisition. Grupo Ortiz Properties SOCIMI, S.A., approved the transaction.
Grupo Ortiz Properties SOCIMI, S.A. (BME:YGOP) completed the acquisition of El Arce Villalba, SL for €17.1 million on June 11, 2019. The acquisition was funded through the funds obtained from capital increase of €19.3 million that took place in May, 2019. Grupo Ortiz Properties SOCIMI, S.A. (BME:YGOP) completed the acquisition of Ortiz Sport Factory for €4.8 million on November 29, 2019.
Gop Properties Socimi SA, formerly Grupo Ortiz Properties SOCIMI SA, is a Spain-based real estate company. The Company's main activity is the management of its diversified portfolio of assets, held for long-term rental purposes. The Company's portfolio consists of approximately 100.000 square meters of energy-efficient properties, both residential and business, located mainly in Madrid and including apartment buildings, offices, commercial premises, warehouses, parking structures and service stations. The Company divides its business into five segments, reflecting the type of properties: Offices, Residential, Warehouses, commercial premises and other, Parking and Service stations.
Grupo Ortiz Properties SOCIMI, S.A. agreed to acquire Concesionaria Collado Villalba, El Arce De Villalba and Ortiz Sport Factory in Spain for €44.9 million.
GOP PROPERTIES SOCIMI, S.A. 
