Sale of Canajelas Complex

RNS Number : 1122U

Banco Santander S.A.

21 December 2012

 

MATERIAL FACT

Banco Santander hereby announces that it has sold the group of buildings located in Madrid, calle Alcalá n^os 6, 8, 10, 12, 14, Carrera de San Jerónimo nº7 (formerly nº 9) and Plaza de Canalejas nº 1, known as the "Canajelas Complex".

The total consideration amounts to  euro 215 million, which in addition to the sale price, includes the financial consideration arising from the payment deferral offered to the buyer (calculated at a 5% annual nominal interest rate). Without including the financial charge, the sale price is 198.18 million euros.

The transaction generates a gross capital gain for Banco Santander of euro 85 million, approximately.

Banco Santander will continue to occupy the Complex for an additional maximum period of five months, without accrual of income or consideration.

Boadilla del Monte (Madrid) 21 December, 2012

 

END

 

 

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