• Transaction / Assets
    Office building in Madrid
  • Seller
  • Buyer
  • € MM

Árima Buys an Office Building in Madrid for €37.75M

14 January 2020 – Expansión

Árima Real Estate has acquired an office building in the Campo de las Naciones area of Madrid for €37.75 million.

The property, which has a surface area of 14,000 m2, represents the Socimi’s eighth purchase and takes its total investment figure since making its stock market debut a year ago to €216 million.

Original Story: Expansión

Translation/Summary: Carmel Drake

Árima now plans to remodel the building, and to this end has engaged the architecture studio Lamela. The renovation work is expected to be completed at the beginning of 2021.

Original story: Expansión (by Rocío Ruiz)

Translation/Summary: Carmel Drake