23 October 2018 – Eje Prime
The European real estate fund Henderson Park is expanding its portfolio of assets in Madrid. The group has acquired number 43 Gran Vía in Madrid, an asset located in the centre of the Spanish capital, which combines office space and commercial premises, from Mutualidad General de la Abogacía, the Spanish insurance company for lawyers.
For the acquisition operation, Henderson Park has obtained senior financing amounting for €39 million from La Caixa, according to explanations provided by the company. The building, which spans 7,347 m2, comprises 11 floors – the lower two are dedicated to commercial space and the rest to offices. Currently, the asset is leased to seven tenants.
This is Henderson Park’s third acquisition in Spain, and its second in Madrid, following the purchase of the Los Cubos office building in 2017. and of a plot of land in the 22@ district of Barcelona the same year, for the construction of a hall of residence for students that will comprise 750 rooms.
Original story: Eje Prime
Translation: Carmel Drake