March 23, 2018 / 6:50 AM / 4 months ago

BRIEF-Vbare Iberian Properties SOCIMI Buys Real Estate For 1.1 Mln Euros

March 23 (Reuters) - Vbare Iberian Properties SOCIMI SA :

* SAID ON THURSDAY IT HAS BOUGHT 12 FLATS AND ONE COMMERCIAL PROPERTY IN MADRID FOR 1.1 MILLION EUROS, EXCLUDING TRANSACTION COSTS

* EXPECTS NEW PROPERTY TO BRING NET RETURN OF ABOUT 5.90 PERCENT

Source text: bit.ly/2IIZzWm

Further company coverage: (Gdynia Newsroom)

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