You are looking as an investor — a prospect the firm admitted, seeing only what was sent to them.
Calle San Francisco 4 · Bilbao La Vieja · Ibaiondo
An estimate, not a plan. Prepared 20 September 2026.
Cost taken as the asking price.
No structured offer has been made on this asset, so there is nothing here to judge. What would be paid, and how it would be paid, is the missing half of this page — the offer wizard on the deal writes it, and this page then says whether the building can carry it.
Arras signed 1-Sep for 7.800.000. Notary in October. Equity being raised for completion.
Every figure on this page is an estimate entered on the pipeline, not the output of the model. It is for deciding whether an asset is worth the work of a business plan — it is not one, and nothing here should be quoted to an investor.