Vbare REIT secures €5.5M mortgage from Banca Pueyo, using its Calle San Andrés Madrid building as collateral. The new financing marks a strategic move following Impar Capital’s acquisition and recent portfolio growth.
Vbare REIT Secures €5.5 Million Mortgage Loan with Banca Pueyo, Strengthening Madrid Portfolio
Vbare Iberian Properties, a listed real estate investment trust (REIT), continues to solidify its position in the Madrid property market after closing a €5.5 million mortgage loan with Banca Pueyo. The loan is secured against the company’s prominent building on Calle San Andrés, an asset acquired in 2019 for €6.6 million.
New Financing at Competitive Rates
The new mortgage agreement comes with a fixed interest rate of 3.25% for the first 60 months, offering Vbare financial predictability during the initial term. After five years, the loan will shift to a variable rate indexed to the 12-month Euribor plus a 1% margin, and will mature in February 2044.
This move also allowed Vbare to settle an earlier mortgage with Banco Sabadell—whose outstanding balance was €3.6 million—simplifying the company’s debt structure and potentially improving terms. The news was disclosed via a communication to BME Scaleup, ensuring full transparency to investors.
Calle San Andrés: A Prime Madrid Asset
The centrally located Calle San Andrés building was Vbare’s first acquisition after its €16.3 million capital increase in 2019, boosting its portfolio to 313 homes and commercial premises at the time. The asset continues to serve as a cornerstone of the company’s Madrid strategy.
Growth Backed by Impar Capital
Vbare’s parent company, Impar Capital, has reported record activity over the past year, with total investments of €110 million—an impressive 44% increase year-on-year. Major acquisitions, such as Costanilla de San Pedro 10 (€28 million) and Velarde 1 (€16 million), underscore the group’s focus on prime residential and high-demand rental properties in Madrid.
Impar Capital’s full acquisition of Vbare for €66 million over the past year has allowed the group to diversify its holdings, strengthen income streams, and reinforce its leadership in the Spanish residential rental segment.
Outlook
This mortgage refinancing signals both stability and ambition for Vbare and Impar Capital, reflecting confidence in Madrid’s resilient property market. The group appears well-positioned to continue expanding its portfolio and capitalizing on prime real estate opportunities.
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