All Iron RE I REIT acquires tourist accommodation building in Málaga

Cuatrecasas has advised All Iron RE I REIT on the purchase of a 2,159 sqm building located at Plaza del Siglo, 3 (Málaga), for €11.2 million.

The investment company plans to build tourist apartments on the five floors of the building. This is the REIT’s second transaction in Málaga, strengthening its position in the city and maintaining its national growth strategy. The real estate agent was Savills Aguirre Newman and the selling party a local family.

The Cuatrecasas team handling the project was made up of lawyers José Ramón Berecibar, Santiago Bayo, Julio David Moreno, José Ahedo and Marina Pérez-Sasía.