193
193

The Mexican Díaz-Estrada Family to Sell the Apple Store in Puerta del Sol

7 March 2019 – El Confidencial

The Mexican Díaz-Estrada family has decided to divest the building located at number 1 Puerta del Sol in Madrid, which houses one of the Spanish capital’s most sought-after tenants, the Apple Store. They are asking around €150 million for the property, which would represent a yield of just 2-2.5%.

According to sources consulted, an Israeli investor may have already reached an agreement to acquire the iconic building from Exacorp, the investment arm of the Díaz-Estradas, but the final details of the operation have yet to be confirmed.

Original story: El Confidencial (by Ruth Ugalde)

Translation: Carmel Drake