All Iron REIT buys property in Seville

Cuatrecasas has advised All Iron real estate investment trust on buying a building in Seville (calle San Jacinto, 62) for use as short- and medium-stay tourist rental apartments, once the property has been refurbished.

The building has 2,594 sqm over three floors and the rooftop, and cost the REIT €5.65 million. This is All Iron’s second transaction in the Andalusian market in recent months, having acquired its second asset in Málaga for €11.2 million last November.

The team advising on the transaction was made up of Cuatrecasas lawyers José Ramón Berecibar, Santiago Bayo, José Ahedo, Ander Barruetabeña and Julio Moreno.