Mahou-San Miguel acquires its headquarters in Madrid for 38,5 million Euros.

The brewing company Mahou San Miguel has announced the acquisition of its corporate headquarters, on number 15 of Titán street in Madrid. The acquisition of this building, with more than 8500 square meters in thirteen floors, has been closed for 38,5 million Euros, according to the company.

At the beginning of 2010, Mahou-San Miguel moved to the former headquarters of the real estate company Nozar. At that time, it rented 7762 square meters. The brewing company occupies eight floors nowadays, the rest is rented to other companies. “The headquarters in Madrid have spaces such as the Club Mahou San Miguel, for internal and external events”, they detail from the group.

The move to Titán meant leaving the historic plant of Mahou on Paseo Imperial 32. These land is included in the operation signed by the brewing company and the football club Atlético de Madrid and the Madrid Council to reassess 92.297 square meters, 61.000 of which are in the hands of Mahou. Currently, this plot continues in the hands of Mahou. Mahou´s headquarters was developed by Nozar along with three other towers with an average surface of 10.000 square meters. The real estate company, in a creditor´s meeting right now, sold in 2007 three of the towers to the German fund TMW Pramérica for 200 million Euros.

Source: Expansión

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