• Transaction / Assets
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Axiare Buys Portfolio Of Madrid RE Assets For €88M

29 September 2015 – Te Interesa

The Socimi Axiare Patrimonio has acquired a real estate portfolio containing three office blocks and one retail park, located in Madrid, for a total consideration of €88 million.

One of the three office buildings, which have a combined gross leasable area (GLA) of 25,637 m2 and 757 parking spaces, is located in the business district of Arroyo de la Vega, whilst the other two are situated alongside the M30-A2 intersection, according to a statement made by the company yesterday.

Meanwhile, the retail park, known as Las Mercedes Open Park (pictured above), has a GLA of 21,111 m2 and 540 parking spaces. It is located next to the Plenilunio shopping centre on the A-2.

Original story: Te Interesa

Translation: Carmel Drake