Spain's Sacyr sells Miami office building

MADRID, April 16 Tue Apr 16, 2013 2:23am EDT

MADRID, April 16 (Reuters) - Testa, the property arm of Spanish construction company Sacyr Vallehermoso, has sold an office block in the United States, booking capital gains of around 50 million euros ($65.4 million).

Testa sold the building in Miami for 184 million euros, the company said in a statement to Spain's stock market regulator on Monday night, to make a pretax profit of around 65 million euros.

The property was worth 3.6 percent of Testa's total assets at end-2012.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.