Domo Activos has purchased 50% of Valdemoro Living Developments, which owns ten plots to develop 688 rental homes in the Madrid town of Valdemoro.

Domo Activos has officially opted out of the REIT regime, becoming part of the real estate services subsector within the BME Growth index and making public its new business strategy, which significantly expands its area of activity.

Domo Activos sold the Metro de Madrid headquarters building for 17 million euros, following the decision of the General Shareholders’ Meeting to accept the offer presented by GRC last July.

On 23 June 2020, the company’s Board of Directors agreed to pay a dividend for the 2020 fiscal year in the amount of 0.27 euros gross per share, derived from the sale of the 80-unit building to Catella

Domo Activos closed out the first half of 2020 with a profit of 6.4 million euros. These results took place just before the Company exited the REIT regime to become a developer.

The listed company was awarded the asset after the respective public auctions held by both entities to sell the plot.

The Company’s Board of Directors is proposing to shareholders that it opt out of the REIT regime to enhance the profitability of the projects and the flexibility of the investments.

DOMO ACTIVOS, the REIT promoted by DOMO GESTORA, has purchased a new asset. the Metro Headquarters Office Building located on Cavanilles street, in the Retiro district of Madrid. The REIT bought it for 14.1 million euros from the cooperative that previously purchased it.