3 December 2019 – The Basque engineering firm, Idom, has given a mandate to the consultancy Savills Aguirre Newman to sell its headquarters in Madrid and Bilbao. The firm intends to stay on in the offices, in what is known as a sale and leaseback operation.
The firm’s headquarters is located in the neighbourhood of Montecarmerlo in Madrid, while the property in Bilbao is on the Deusto canal in front of Zorrotzaurre.
Idom is reportedly negotiating with two investment funds. The sale could potentially be worth more than €80 million.
Original Story: Expansión – Rebeca Arroyo / Marian Fuentes
Adaptation/Translation: Richard D. K. Turner