April 13, 2018 / 6:29 AM / 7 days ago

BRIEF-VBARE Signs Purchase Option For Real Estate in Madrid

April 13 (Reuters) - VBARE IBERIAN PROPERTIES SOCIMI SA :

* SAID ON THURSDAY SIGNED 2 MILLION EURO PURCHASE OPTION FOR REAL ESTATE IN MADRID

* SAYS TO PAY BETWEEN 10 MILLION EUROS AND 11 MILLION EUROS IN TOTAL

* PURCHASE OPTION TO BE EXERCISED UNTIL DEC 15, SUBJECT TO FULFILMENT OF CERTAIN CONDITIONS

* SAYS AGREED WITH THE BANK TO ASSUME EXISTING 5 MILLION EURO MORTGAGE OVER THE REAL ESTATE, TO PAY THE REST WITH OWN CASH

Source text: bit.ly/2HlJDvw

Further company coverage: (Gdynia Newsroom)

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