31 October 2019 – The Canadian REIT Inovalis has acquired the Málaga Business Park office complex from Iberdrola, in the largest real estate operation in Málaga of the last five years. The complex is located in the Andalusian technology park and was originally built in 2003. The Málaga Business Park consists of six buildings with 12,000 square meters of gross leasable area. The complex is currently 100% occupied and has nearly 300 parking spaces.
Before this investment in Spain, Inovalis had focused on France and Germany, where it owns 14 office buildings in cities such as Paris, Stuttgart and Frankfurt.
Original Story: Expansión
Adaptation/Translation: Richard D. K. Turner