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TC Gabinete Inmobiliario advises on the off-market sale of the Cristalia 9 Building

TC Gabinete Inmobiliario advises on the off-market sale of the Cristalia 9 Building

TC Gabinete Inmobiliario advised the property company Cerro de los Gamos, in the sale of the Cristalia 9 Building through an off market process for an amount that could have reached approximately 20 million euros.

 

See the news published in El Confidencial

Located in the number 3 of Vía de los Pobladosin the business area of the Campo de las Naciones, this exclusive office building is one of the jewels of the Cristalia Business Park. The property has an area of more than 5,100 square meters distributed in six floors of offices plus the first floor. Approximately, this space would be the capacity for 85-510 workstations. In addition, the complex is completed with two floors for parking, with a total of 107 parking spaces.

The buyer, Vyosa – Viviendas y Oficinas SA, is one of the most recognized companies among real estate professionals and owns the best office property in Madrid: the emblematic Beatriz Building.

The transaction is part of VYOSA’s growth strategy, as the company is currently in the process of reorganizing its portfolio.

Thus, Vyosa is divesting several of its assets considered non-strategic while at the same time analyzing new investment opportunities for 2023.

From TC Gabinete Inmobiliario we foresee that the Spanish real estate sector will continue its good performance in the fourth quarter of this year with really attractive investments.

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