• Transaction / Assets
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Hispania Buys Plot Of Land In Madrid For €32M

25 October 2016 – Expansión

The Socimi Hispania has purchased a plot of land in Madrid for €32 million, where it plans to construct two offices buildings.

The plot is located on Vía de los Poblados, 1, in the Campo de las Naciones area of the city, next to the Cristalia business park. The acquisition has been carried out through the company Mangareva Development, S.L..

The Socimi will develop a complex on this land comprising two office buildings with a combined surface area of 56,000 m2, of which 33,124 m2 will be above ground. In addition, the site will have 800 parking spaces.

The two buildings will be joined by a covered walkway and will have facilities such as restaurants and cafeterias, a gym, a nursery and an auditorium, amongst others.

The Socimi plans to begin construction work immediately for completion by the end of 2018. According to the company, “this development, one of the most important to be undertaken in Madrid over the next two years, will have the highest environmental certification levels and a LEED Platinum certificate”.

Original story: Expansión (by D.B.)

Translation: Carmel Drake

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