Axiare Patrimonio Socimi, S.A. acquired a 9,280 sq mt office building on Calle Puerto de Somport 8 in Madrid from GMP Property SOCIMI, S.A. for €41.5 million.
January 23, 2017
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Axiare Patrimonio Socimi, S.A. (BME:AXIA) acquired a 9,280 sq mt office building on Calle Puerto de Somport 8 in Madrid from GMP Property SOCIMI, S.A. (BME:YGMP) for €41.5 million on January 23, 2017. Ernst & Young acted as legal advisor to Axiare Patrimonio Socimi. CBRE and Cushman & Wakefield acted as real-estate advisors to Axiare Patrimonio Socimi.
Axiare Patrimonio Socimi, S.A. (BME:AXIA) completed the acquisition of a 9,280 sq mt office building on Calle Puerto de Somport 8 in Madrid from GMP Property SOCIMI, S.A. (BME:YGMP) on January 23, 2017.
GMP Property SOCIMI SA, formerly GMP Sociedad de Inversiones Inmobiliarias SA is a Spain-based company primarily engaged in the commercial Real Estate Investment Trust (REIT) operations. The Company specializes in the land acquisition and management, property promotion, as well as real estate investment, development and management. Its investment focus aims at nonresidential properties, such as offices, business parks, shopping centers, parking lots, and retail units, among others. Furthermore, the Company develops holiday resorts, offers real estate management for third parties, rents meeting rooms, as well as provides office interior design services. It manages properties in a number of Spanish cities, such as Madrid, Valencia and Alicante.
Axiare Patrimonio Socimi, S.A. acquired a 9,280 sq mt office building on Calle Puerto de Somport 8 in Madrid from GMP Property SOCIMI, S.A. for €41.5 million.
GMP PROPERTY SOCIMI, S.A. 
