Friday, June 26, 2015

Hispania buy two buildings in Madrid for 54.5 million – EntornoInteligente

Hispania buy two buildings in Madrid for 54.5 million / Expansion / Hispania Deka has acquired two office buildings in Madrid, owned by two separate funds managed by the German company, for a total amount of 54.5 million euros, the company said.

In particular, one of the buildings of Foster Wheeler is located in Las Rozas and has 11,058 square meters on three floors and 544 parking spaces. It is 100% occupied as the headquarters for the company Foster Wheeler by lease.

The other acquisition of the REIT has been Cristalia Building 4B, which is located in the Cristalia Business Park in the northeast of Madrid. With a gross leasable area of ​​10,928 square meters distributed in seven floors with 202 parking spaces and is a Class A building with LEED gold certificate.

The transaction price has been fully paid with funds from Spain. In operation JLL has participated as a consultant.

The REIT noted that these two acquisitions fit perfectly “with its strategy in the office segment in consolidated in the Spanish capital areas”.

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