• Transaction / Assets
    Las Mercedes business park
  • Seller
    GreenOak / Go Madrid Benz
  • Buyer
  • € MM

GreenOak Sells Las Mercedes Office Park for €200 Million

28 July 2019 – Richard D. K. Turner

GreenOak sold the Las Mercedes business park for between 201 million euros and 205 million euros through its subsidiary socimi Go Madrid Benz. The sales price entails a capital gain of roughly eighty million euros for Go Madrid Benz, which acquired the asset in 2016 for 131.36 million euros. The identity of the buyer was not revealed.

Las Mercedes is made up of nine office buildings, an underground car park and a restaurant and leisure area, and currently has about thirty tenants, including the Spanish Medicines Agency, Enaire, Altran Innovation, Appus Norcontrol, Ibermática and Xerox Spain.

Original Story: Eje Prime