MAIO Legal advises on the acquisition of a Home Capital luxury building
MAIO Legal has advised the buyer on the due diligence and subsequent acquisition agreementh of the building located at 96 Santa Engracia Street for almost €5 million.
The professional team from MAIO consisted of Crina Radu, Esmeralda Vilchez and Marta Molina, led by partner César Álvarez.
MAIO Legal has advised the buyer on the agreement for the acquisition of a luxury building from the Socimi Home Capital, a vehicle majority owned by two companies: Timón (26.61%) -controlled by the Polanco family- and Inmuebles Gil Comes (19.93%).
The building consists of 14 one-bedroom flats, spread over eight floors and 1,047 square metres. The communal areas include a gym and coworking facilities, as well as a rooftop terrace. Home Capital bought the project in february 2021 for €2.9 million. It is currently still under construction, with an expected completion date in the first half of 2023.