Infinorsa Invests €20M On Torre Europe Renovation
5 July 2016 – Expansión
Grupo Infinorsa is looking for tenants for Torre Europa after KPMG’s departure and will spend €20 million on the modernisation and renovation of the property. That figure comes in addition to the €11 million that the group has already invested to improve the building over the last five years.
The company, which has engaged JLL to market the property, has launched the renovation of the more than 20,000 sqm of available office space, as well as of the access areas, lobbies, common areas, facilities and façade, which is expected to be completed at the beginning of 2017.
The average price of assets for rent in this area amounts to €27.5/sqm/month, although prices of more than €30/sqm/month have been recorded for spaces located on the top floors of the towers located in the district.
Original story: Expansión (by R. Arroyo)
Translation: Carmel Drake