31 July 2017
UBS expands its Spanish portfolio with the purchase of an office complex more than 11,000 square meters in size.
Real Estate & Private Markets (REPM), the investment arm of the Swiss bank, has finalized the purchase of the business complex located on Ribera del Loira 56-58 in the Campo de las Naciones office area, near the Ifema fairgrounds.
According to Expansión, the complex houses the headquarters of the Accor hotel group and the company that runs the Dentix dental clinics. The UBS real estate fund paid 38.5 million euros.
It should be noted that UBS total holdings on the Iberian peninsula are valued at 772 million euros, with office buildings accounting for around 50% of the portfolio.
Original Story: misoficinas.es
Translation: Richard Turner