Orinoquia Real Estate SOCIMI SA (FR:MLORQ) has released an update.
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Orinoquia Real Estate’s subsidiary, Orinoquia Andalucia I, S.L.U, has sold its sole real estate asset, the Plaza de la Merced Nº 22 building in Málaga, for 6.2 million euros, resulting in a significant gross capital gain. The transaction included the full repayment of a mortgage loan, bringing financial relief and potential strategic shifts for the subsidiary.
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