Silicius is in the process of streamlining its real estate portfolio in preparation for its upcoming IPO, which is scheduled for Q3 of 2019. This process entails the sale of various properties that do not fit in with the portfolio.
The 3,648m2 property is located on Calle Virgen de los Peligros, 3, next to Calle Alcalá and Puerta del Sol and has sold for c. €9 million. Silicius was advised by Otto Capital and ARPA Abogados and the buyer received legal advice from Cuatrecasas.
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.