1 October 2018 – Europa Press
Colonial has sold an office building in the centre of Madrid to the German financial firm Real I.S. The property is located on Calle Alcalá and is leased to the Regional Government’s Ministry for Education, according to a statement issued by the purchasing entity. The consideration paid has not been not disclosed.
The property in question dates back to the 19th century and was renovated in the 1990s. It is located at numbers 30 and 32 Calle Alcalá, Madrid, in the centre of the city and comprises office space spanning 9,100 m2, distributed over seven storeys, plus two underground floors for parking.
Real I.S. highlighted the investment opportunity offered by the property given its location and long-term rental agreement, as well as the “positive performance” of the real estate market in Madrid.
Original story: Europa Press
Translation: Carmel Drake