• Transaction / Assets
    Office building on c/Isabel Colbrand, 22
  • Seller
  • Buyer
    Habert Management Corporation
  • € MM

GMP Sells Huawei’s HQ in Spain for €127M

20 February 2020 – Brainsre.news

The Socimi GMP, controlled by the Montoro family, has completed the sale of the office complex in Castellana Norte, located on c/Isabel Colbrand 22 in Madrid. The fund Habert Management Corporation has paid €127 million for the property, according to a report filed by the listed company with the MAB.

The asset, which has a gross leasable surface area of 44,069 m2, is occupied almost in its entirety (89%) by companies such as the technology firm Huawei and Banco Sabadell. It was designed by the architect Rafael de La-Hoz’s studio and constructed in 2002 as a turnkey project for the former Airtel (now Vodafone).

Original Story: Brainsre.news

Translation/Summary: Carmel Drake