Basagoiti diverts. The Socimis Corpfin Capital Prime Retail Assets y Corpfin Capital Prime Retail Assets II They have closed the sale of two commercial premises located on the first level streets of Madrid for 14.6 million euros, as reported to the Alternative Stock Market (MAB).
Assets, located at number 18 on Calle Alcalá and at number 109 on Calle Bravo Murillo, are part of the portfolio of thirteen assets on which the company subscribed purchase options in June 2018.
The purchase options of both stores, along with that of a third asset that has not been traded for the moment, were to be executed during July 2020, according to the company.
Corpfin Capital Real Estate, led by Javier Basagoiti, has four investment vehicles: Corpfin Capital Retail II Socimi, Corpfin Capital Prime Retail III, Corpfin Capital Prime Retail Assets and Corpfin Retail Parks.
According to the latest financial results, two of the real estate investment companies controlled by the company suffered a reduction in turnover and earnings in 2019.
Specifically, the Socimi Corpfin Capital Prime Retail II closed the year with a turnover of 4.5 million euros, 35.2% lower than the 7 million euros registered in 2018; while the benefits were 4.3 million, 37.1% less than in the previous year.
For its part, Corpfin Capital Prime Retail III recorded revenues of three million euros, 35.2% less than a year earlier, and earnings of 2.8 million euros, which means a decrease of 38% compared to the 4.5 million euros registered in 2018.
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