• Transaction / Assets
    Idom's HQ in Bilbao & Madrid
  • Seller
    Idom
  • Buyer
    Catalana Occident & Grosvenor Group
  • € MM
    90

Idom Sells its HQs to Catalana Occidente and Grosvenor for €90M

8 May 2020 – Brainsre.news

The engineering company has sold its headquarters in Bilbao and Madrid to Catalana Occidente and the Grosvenor Group for €90 million.

The engineering company Idom has closed the sale of its headquarters in Bilbao and Madrid to Catalana Occidente and the Duke of Westminster for €90 million, according to Expansión.

The Bilbao headquarters, located on the Deusto canal, which spans a surface area of 14,000 square metres, has been acquired by the insurance group Catalana Occidente.

Meanwhile, the property in Madrid, located in the Montecarmelo neighbourhood and comprising offices spanning 10,000 square metres and a below-ground space of 7,000 square metres, has been purchased by the Grosvenor Group, the real estate investment vehicle owned by the Duke of Westminster.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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