Mutualidad de la Abogacía Acquires Zara’s First Store in Madrid

28 July 2019 – Richard D. K. Turner Mutualidad de la Abogacía has acquired the commercial building located at Calle Carretas, 6, in Madrid. The pedestrian street is one of the most commercially active areas of the capital, close to the public square Puerta del Sol. The property was leased by the Zara Group in 1989 when it opened its first store in the Spanish capital and has maintained its presence until now. The building, acquired by Mutualidad for €33.5 million, has a registry area of ​​2,617 m2 spread over seven floors. Original Story: Lawyerpress News

The Lawyers’ Mutual Society Buys Paseo de la Habana, 3 for €23.4M

3 April 2019 – El Confidencial

Grupo Millenium has sold an office building on Paseo de la Habana, 3, in Madrid to the Mutualidad de la Abogacía (Lawyers’ Mutual Society) for €23.4 million. In fact, the deal was signed in April 2018, but has only just come to light after the Mutualidad published its annual accounts for last year.

The building has been completely renovated and is leased in its entirety to Gunni & Trentino, the Spanish company specialising in high-end interior decoration, which houses its headquarters there. The property is located in a prime area, just 100m from Paseo de la Castellana and Nuevos Ministerios, and comprises 3,000 m2 distributed over five storeys.

Original story: El Confidencial (by E. Sanz)

Translation/Summary: Carmel Drake