Radar > 232436

Axiare receives funding from Sabadell for new acquisitions

Axiare logra financiación de Sabadell para destinar a nuevas adquisiciones

Intel ID : 232436
Synopsis

Axia Real Estate (Axiare) (BME: AXIA), a Spanish real estate company, succeeded in reaching a loan agreement with Banco Sabadell (BME: SAB) for its investment plan in acquisitions, as reported by the company through a relevant fact published by Securities Commission CNMV on 23 December 2015.

The deal value was approximately EUR 40m, for a ten-year period and the guarantee of the last three office buildings acquired by the company.

It is estimated the funds will be used to finance 89% of its office portfolio and are for new property acquisitions in the main financial districts of Madrid and Barcelona.

Axiare focus its activities in office spaces, logistics platforms and commercial centers.
(content in spanish)

La inmobiliaria española Axia Real Estate (Axiare) (BME: AXIA), ha logrado un acuerdo de financiación con el Banco Sabadell (BME: SAB) para avanzar en su plan de inversión de adquisiciones, según lo ha informado la compañía en un hecho relevante enviado a la Comisión Nacional del Mercado de Valores el 23 de diciembre de 2015.

El acuerdo se ha cerrado por un valor aproximado a los EUR 40m, pactado a diez años y garantizados por los tres últimos inmuebles de oficinas adquiridos por la compañía.

Se prevé que con los fondos de esta operación se logre financiar el 89% de su cartera de oficinas y se destinen a nuevas adquisiciones de inmuebles en los principales distritos financieros de Madrid y Barcelona.

Axiare centra su actividad en el segmento de oficinas, plataformas logísticas y superficies comerciales.

Relevant Documents

Financing Bank


Intel ID 232436
Value EUR 40,00m (Approx.)
Native Currency Euro (EUR)
Financial Data - Axiare Patrimonio
(31 Dec 2017)
Revenue: EUR 278,04m
EBITDA: EUR 231,42m
Net Debt: EUR 2.473,00m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.03 Real Estate Services
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Financing Bank

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.