An unknown buyer acquired buildings located in Paseo Juan XXIII in Madrid, Ponzano Street and Bailén Street from Renta Corporacion Real Estate, S.A. for €22.3 million.
July 20, 2016
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An unknown buyer acquired buildings located in Paseo Juan XXIII in Madrid, Ponzano Street and Bailén Street from Renta Corporacion Real Estate, S.A. (BME:REN) for €22.3 million in the period ending June 30, 2016. Paseo Juan XXIII was sold for €11.7 million, Ponzano Street was sold for €4.1 million and Bailén Street building was sold for €6.5 million.
An unknown buyer completed the acquisition of buildings located in Paseo Juan XXIII in Madrid, Ponzano Street and Bailén Street from Renta Corporacion Real Estate, S.A. (BME:REN) in the period ending June 30, 2016.
Renta Corporacion Real Estate SA is a Spain-based company engaged in the real estate sector. The Company main activities comprise the acquisition, rehabilitation and sale of real estate properties in central locations of major cities. Its properties portfolio includes residential and urban buildings, as well as offices and large-scale property complexes. The Company is a parent of Grupo Renta Corporacion, a group which comprises such entities as Renta Corporacion Real Estate Finance SL, RC Real Estate Deutschland GmbH, Renta Properties (UK) LTD and Medas Corporacion Sarl, among others. On March 27, 2013, the Company entered bankruptcy proceedings. In December 2013, the Commercial Court No. 9 9 declared that the common phase of the proceedings 203/2013, 204/2013, 205/2013 and 206/2013 of the Company, Renta Corporacion Real Estate Finance, Renta Corporacion Real Estate and Renta Corporacion Core Business, was completed. In July 2014, it emerged from insolvency.
An unknown buyer acquired buildings located in Paseo Juan XXIII in Madrid, Ponzano Street and Bailén Street from Renta Corporacion Real Estate, S.A. for €22.3 million.
RENTA CORPORACIÓN REAL ESTATE, S.A. 
