• Transaction / Assets
    Barajas 1
  • Seller
    GMP
  • Buyer
    IBA Capital & Angelo Gordon
  • € MM
    37.5

IBA Capital & Angelo Gordon Acquire Barajas 1 for €37.5M

7 March 2019 – Eje Prime

IBA Capital Partners and Angelo Gordon have joined forces to purchase the Barajas 1 office building from GMP for €37.5 million. The property is located at number 29 Calle Trespaderne in Madrid, has a gross leasable area of 29,173 m2 and includes 204 parking spaces. Its main tenants are SGS and Vodafone and the advisor to the operation was CBRE.

The purchasers are planning to renovate the building, modify the façade, renew the common areas, remodel the vacant homes and adapt the technical facilities.

Original story: Eje Prime

Translation: Carmel Drake

148