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Starwood Capital Finalises its Purchase of Bouygues’s Office Project in Madrid

5 February 2020 – El Economista

Starwood Capital is finalising a purchase agreement to acquire the office project that the French firm Bouygues Inmobiliaria is working on in the Julián Camarillo neighbourhood of Madrid in a deal that could amount to €55 million.

Specifically, the plot spans 36,800 m2 and is located on Calle Julián Camarillo, 49-51, in Madbit, to the east of the city. Madbit is an area that has been transformed in recent years to attract technology-related companies. 

The offices will have a buildability of around 19,000 m2 and will likely comprise two 5-storey towers.

Original Story: El Economista

Translation/Summary: Carmel Drake