18 November 2019 – Metrovacesa announced that it had sold a turnkey office building in the Las Tablas area of Madrid to the Catalana Occidente group for an undisclosed amount.
The property Catalana Occidente is acquiring will have a total surface area of 11,250 square meters, with six above-ground floors and two basements with enough room for about 300 parking spaces. The building, the architecture studio BOD designed, will have a highly-energy efficient, avant-garde design. Metrovacesa expects to deliver the finished property in 2022.
The operation follows the insurance group’s strategy of acquiring prime assets for its real estate investment portfolio. The firm focuses on office buildings located in prime areas of Madrid and Barcelona.
Original Story: Cinco Dias – Alfonso Simón Ruiz
Adaptation/Translation: Richard D. K. Turner