Brief: VBARE Signs Purchase Option For Real Estate in Madrid

VBARE Iberian Properties SOCIMI SA

13/04/2018 07:28

April 13 (Reuters) - VBARE IBERIAN PROPERTIES SOCIMI SA
 YVBA.MC :
    * SAID ON THURSDAY SIGNED 2 MILLION EURO PURCHASE OPTION FOR
REAL
ESTATE IN MADRID
    * SAYS TO PAY BETWEEN 10 MILLION EUROS AND 11 MILLION EUROS
IN
TOTAL
    * PURCHASE OPTION TO BE EXERCISED UNTIL DEC 15, SUBJECT TO
FULFILMENT OF CERTAIN CONDITIONS
    * SAYS AGREED WITH THE BANK TO ASSUME EXISTING 5 MILLION
EURO
MORTGAGE OVER THE REAL ESTATE, TO PAY THE REST WITH OWN CASH

    
 Source text: https://bit.ly/2HlJDvw
    
 Further company coverage:  YVBA.MC  
   


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