PropertyEU

Metrovacesa 'paid EUR 264m for land valued at EUR 8m'

By A staff reporter 2008-02-25T00:00:00

Spanish largest listed property company Metrovacesa reportedly paid EUR 264 mln last November for 81,000 m[sup]2[/sup] of land in Madrid which had been valued at less than EUR 8 mln in a land registry filing. According to Spanish newspaper Cinco Dias, the three plots of land were valued at just ...

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