Realia Negotiates Sale Of Los Cubos Building For €55M

7 September 2017 – Eje Prime

Realia, the real estate company owned by Carlos Slim, is on the verge of signing a new operation in Madrid. The Mexican magnate’s company is negotiating with Therus Invest to sell the Los Cubos office building for €55 million.

The fund, led by Olivier Crambade, specialises in value-added operations, as well as in the renovation and repositioning of buildings that have already been constructed, according to El Confidencial.

The property has a gross leasable area of 18,324 m2 and 334 parking spaces. The asset, which is completely ready to operate as an office, has been vacant for two years.

Last autumn, Therus completed the sale of Project Helios to the Socimi Hispania. That project comprises office buildings in the Madrilenian district of Campo de las Naciones, for which the group paid €32 million.

Original story: Eje Prime

Translation: Carmel Drake

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