• Transaction / Assets
    Grupo Zriser and Nefinsa Sell Office Building in Valencia
  • Seller
    Grupo Zriser / Nefinsa
  • Buyer
    Loreto Mutua
  • € MM

Serratosa Family Sells Alameda Building in Centre of Valencia to Loreto Mutua

2 October 2018

Grupo Zriser and Nefinsa reached an agreement with Loreto Mutua to sell the 11,000-m2 office building, which is located in the prime area of ​​Valencia, the capital of Turia.

The Serratosas just sold an iconic building Valencia. The family, through Grupo Zriser and Nefinsa, transferred the ownership of the Alameda building to Loreto Mutua. The asset, located in the centre of Valencia, has 11,000 square meters of offices.

Located on Antiga Senda de Senent Street, the property was acquired by the Serratosas in December 2009, when the family purchased it from Acciona Inmobiliaria. Currently, the building is completely occupied, in part due to its location, in one of the best office zones in the capital of Turia, according to the newspaper Expansión.

The sale of Alameda is part of Grupo Zriser’s strategic plans. The company is hoping to take advantage of the recent boom in the real estate market to sell some of the buildings in its portfolio.

Zriser’s most recent acquisition took place in December of last year when the group bought the former headquarters of Caja Madrid in Valencia from Goldman Sachs.

Original Story: EjePrime

Translation: Richard Turner