Transaction Type: Sale of Leased Asset
Asset Type: Offices
Address: Llano Castellano 51
Surface Area: 23.000 sqm
Investment Volume: 28,3 Mill. €
We advised the sale of a leased building in the street Llano Castellano 51, central headquarters of Grupo Cortefiel in Madrid.
The building owned by Socimi GMP, owned by the Montoro family and by a sovereign wealth fund of Singapur, was acquired, with the help of our advice, by Azora, company that is specialized in investment and real estate asset management with a portfolio of more than 4,500 million euros in assets , which manage, among others, the real estate portfolios of different funds, such as George Soros, Goldman Sachs or Bank of Montreal.
The building occupied by Grupo Cortefiel since 1995, has a total surface of 23,000 sqm and 145 parking spaces.
The deal was closed in 28.3 Mill. € approx.