Transactions Investment Transactions /

Avda. América 115 / Offices

Advisory in the sale of the Business Park AA115 to London & Regional

Transaction info.

Year: 2014
Transaction Type: Sale of Leased Asset
Asset Tipology: Offices

Adress: Avda. América 115
City: Madrid
Surface Area: 50.000 m2

Investment Volume: 117 Mill. €
Investor: London & Regional

Description

On this transaction, one of the most important in recent years in the office market, we advise the sale of Avda. América 115 Business Park, owned by Solvia (Banco Sabadell), to London & Regional Properties. It has been one of the most important investments transactions of the British company in our country to date.

The newly built business park, located on Avda. de América 115 in Madrid, comprises 50,000 m2 approx. in 5 buildings and more than 1,400 parking spaces.

Previously, we had been appointed by Solvia to commercialize the business park, during its construction phase, in order to close its lease with one or more tenants. It was finally Vodafone which in 2014 leased the whole business park reunifying in it all the headquarters that the company had in Madrid until that moment.

The sale of the asset was closed in 2014 with Vodafone as the only tenant and with a long-term lease contract. The investment volume of the operation was 117 Mill. €