CecaBank Building For Sale

11 February 2016 – Misoficinas.es

According to El Mundo, last January started the sale process of  CecaBank offices.

El Mundo published in its website elmundo.es that the Cecabank building was for sale and according to the sales schedule, which the said media has been able to access, March 14 has been fixed as the date for submission of indicative tenders,11 April as the deadline for providing the binding tenders and 25 of that same month the date for the execution of the private contract, to ​​be able to complete the transaction in July.

The office building, located at number 37 Avenida de Bruselas in Madrid, in the district of Guindalera, at the eastern end of the Salamanca district, covers an area of ​​20,000 square meters distributed in nine floors and two basements, and is located on a 3,924 square meters plot.

The true appeal of the operation is that the property is allowed, in addition to its use as offices, to a change to residential use, so it could accommodate between 120 and 150 homes, depending on whether the new owner demolishes the current building or maintains its structure.

The sales process has started without a minimum selling price fixed  and none of the analysts consulted by the newspaper dares to give a figure of what could be paid for this asset.

Original story: Cinco Días

Translation: Aura Ree

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