• Transaction / Assets
    two office buildings in Madrid
  • Seller
    Meridia Capital
  • Buyer
    HIG Capital
  • € MM

HIG Capital Acquires Two Office Buildings in Madrid from Meridia for €25 Million

1 October 2019 – The venture capital firm HIG Capital has acquired two buildings at Calle Gobelas 41-49 in La Florida, Madrid from Meridia for 25 million euros, according to market sources.

The two buildings have a combined area of ​​15,000 square meters. One of the two was renovated recently, while the other will undergo a complete remodelling.

The buildings are part of an asset portfolio that Meridia Capital acquired in 2015 from GE Capital Real Estate. Of the eleven assets in that portfolio, seven are located in Barcelona, ​​while the other four are in Madrid. Two of the latter were the properties on Calle Gobelas.

Original Story: Eje Prime – Marta Casado Pla / Marc Vidal Ordeig

Adaptation/Translation: Richard D. K. Turner