• Transaction / Assets
    Office building, Calle Velázquez (Madrid)
  • Seller
  • Buyer
    Caser
  • € MM

Caser Buys an Office Building in Central Madrid

14 December 2018 – Eje Prime

Caser has acquired a prime asset in Madrid. The Spanish insurance company has purchased a building on Calle Velázquez measuring 5,460 m2. The property, which is occupied in its entirety, is home to commercial premises and offices, according to a statement issued by the company.

The property is located at number 94 of the central street in the Spanish capital and its surface area is distributed over the semi-basement floor, the mezzanine floor and six upper floors. The amount of the operation has not been disclosed and the deal has been advised by the consultancy firm Savills Aguirre Newman.

The building, which dates back to 1920, is being incorporated into Caser’s real estate portfolio, which comprises assets located in Madrid as well as in other cities around the country. Of the properties in the Spanish capital, the firm’s headquarters in Las Tablas stand out, as do the assets distributed in strategic locations such as Calle Alcalá, Plaza de la Lealtad and Julián Camarillo, where Eurovision has just leased offices, as revealed today in Eje Prime.

Original story: Eje Prime 

Translation: Carmel Drake

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