Led by Juan Díaz de Bustamante, Silicius Inmuebles en Rentabilidad has bought 2 commercial properties in Vigo and Zamora for over €16 million closing both deals with full cash transactions.
The property in Vigo is located on the Avenida de Aragón and has a gross leasable area (GLA) of 5,678m² and has Mercadona as a tenant on a long-term contract.
In Zamora, the fund has purchased a 3,013m² high street property let to Zara in Plaza de Fernández Duró. According to news published in LaVanguardia, Silicius has 12 assets valued at €123 million and annual income of over than 6 million euros.
Silicius is one of various funds managed by Mazabi, a multi family office which was founded in 2009. In the six years since inception volume of assets under management has increased to over €1 billion. The Mazabi team has a track record of 20 years of audited experience in the Spanish property market and prior to Mazabi, the management team was involved in real estate sales transactions exceeding €3 billion in total.