• Transaction / Assets
    portfolio of 26 office buildings in Madrid and Barcelona
  • Seller
    Merlin Properties
  • Buyer
    Cain International / Freo Group
  • € MM
    225

Merlin Properties Sells Portfolio of Office Buildings for €225 Million

2 December 2019 – Merlin Properties announced that it had finalised the sale of a portfolio of 26 office buildings in Madrid and Barcelona to Cain International and the European real estate investment platform Freo Group for 225 million euros. The assets have a total surface area of ​​133,218 square meters, generating a gross rental income of about 11.8 million euros.

Twenty-one of the buildings in the portfolio are located in Madrid, while the rest are in Barcelona. The business parks include the two Muntadas, next to the El Prat airport, the Citypark in Cornellá, the Minipark complexes in Alcobendas and El Plantío in Madrid.

Original Story: Bolsamanía / Europa Press

Adaptation/Translation: Richard D. K. Turner

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