Transaction / AssetsOffice building on Avenida de Europa, 19 SellerUnknown BuyerGrosvenor € MM
Grosvenor Buys its First Office Building in Spain
3 June 2019 – Expansión
The British real estate firm Grosvenor has made its debut in the office market in Spain with the acquisition of a building in the La Moraleja business park (Madrid) for an undisclosed sum. The property is located on Avenida de Europa, 19 and spans 22,000 m2.
Grosvenor returned to the Spanish real estate market in 2017 with the purchase of an 820 m2 plot of land on Calle Jorge Juan, 53 (Madrid) on which it is constructing a luxury residential development with views over the Retiro Park.
Since then it has been expanding its residential portfolio and is currently working on four projects in Madrid: La Esquina de General Arrando, Modesto Lafuente 26, García de Paredes 4 and Jorge Juan 53.
Original story: Expansión (by Rocío Ruiz)
Translation/Summary: Carmel Drake