Meridia Real Estate III Socimi S.A. acquired 90% stake in office building in the financial district of Madrid for €26.5 million.
March 21, 2018
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Meridia Real Estate III Socimi S.A. acquired 90% stake in office building in the financial district of Madrid for €26.5 million on March 22, 2018. The transaction has been financed with own funds and a loan granted by a Spanish financial institution for €17 million. In the coming weeks, Meridia Real Estate will exercise the option to acquire the remaining 10% stake in the property.
Meridia Real Estate III Socimi S.A. completed the acquisition of 90% stake in office building in the financial district of Madrid on March 22, 2018.
Meridia Real Estate III Socimi SA is a Spain-based real estate investment trust. The Company invests in all types of real estate, especially in office and logistic assets, as well as retail (shopping centers) and mixed-use properties, with a focus on value added projects in Madrid, Guadalajara and Barcelona. The Company has engaged the alternative investment fund manager, Meridia Capital Partners, SGEIC, S.A., for the identification of the potential investments, as well as their acquisition, management strategy and divestment.
MERIDIA REAL ESTATE III, SOCIMI, S.A. 
