Advertisement

Santander generates 85m euros from sale of Madrid buildings

Banco Santander has generated a gross capital gain of approximately 85m euros from the sale of a group of buildings in Madrid, according to a statement issued by the bank on Friday morning.

Banco Santander has generated a gross capital gain of approximately 85m euros from the sale of a group of buildings in Madrid, according to a statement issued by the bank on Friday morning.

The buildings, known collectively as the Canajelas Complex, include calle Alcal No.s 6, 8, 10, 12, 14, Carrera de San Jernimo No.7 (formerly No.9) and Plaza de Canalejas No. 1.

Advertisement - Article continues below

The total consideration amounted to €215m. In addition to the sale price, the consideration included a financial consideration arising from the payment deferral offered to the buyer which was calculated at a 5% annual nominal interest rate.

Without including the financial charge, the sale price was €198.18.

Banco Santander stated that it would continue to occupy the Canajelas Complex for an additional maximum period of five months, without accrual of income or consideration.

MF

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

OBR: UK house prices could fall by 12% next year
House prices

OBR: UK house prices could fall by 12% next year

The Office for Budget Responsibility says UK house prices could fall by as much as 12% next year. John Stepek looks at how likely that is.
14 Jul 2020
Three ideas for Lloyds Bank's new boss
UK stockmarkets

Three ideas for Lloyds Bank's new boss

The Black Horse needs whipping into shape. A change at the top provides a great opportunity, says Matthew Lynn.
12 Jul 2020
We’re spending more than at any time since World War II – how will we pay it back?
UK Economy

We’re spending more than at any time since World War II – how will we pay it back?

With the UK spending vast sums on stimulus measures, this year’s budget deficit will be greater than at any time since World War II. The big question,…
14 Jul 2020