• Transaction / Assets
  • Seller
  • Buyer
  • € MM

Colonial Sells Parking in Madrid For 7.2 Million Euros

17/01/2014 – Noticias La Informacion

Colonial has sold a parking lot of 893 spaces and located in the north of Madrid, to a national ‘family office’ for €7,2 million, according to information provided by BNP Paribas Real Estate, real estate consultant advising at the transaction.

The operation is a part of the mature and non-strategical asset rotation strategy, carried out by the real estate Colonial, additionally involved in the debt reduction process.

The parking lot in Madrid is located on the Agustín de Foxá Street, nearby the Plaza Castilla Square and the Chamartín train station. Area is dominated by office buildings.

Original article: Noticias La Información (EuropaPress)

Translation: AURA REE