Mansfield Invest to Debut on MAB Today

17 September 2019 – The socimi Mansfield Invest, which is controlled by Värde Partners and which has a 37.78% stake in the La Finca socimi, will debut on the Alternative Stock Market (MAB) on September 17 at 13 euros/share, valuing the company at 115.4 million euros. Mansfield, which invests in offices for lease, was incorporated on November 16, 2015.

Renta 4 Corporate is the Registered Adviser while Renta 4 Banco will act as Liquidity Provider.

Original Story: Inversión & Finanzas

Adaptation/Translation: Richard D. K. Turner

Amundi Acquires Co-Working Project from Conren Tramway for €55 Million

25 July 2019 – Richard D. K. Turner

Amundi, a major French asset manager, acquired an office building under development at Calle Sancho de Ávila, 65, in Barcelona’s @22. The firm paid Conren Tramway 56 million euros for the building, which is still under construction.  The building, however, has already been fully leased by Wojo, a French co-working firm owned by Accor.

The 7-floor building will have 8,300 square meters of surface area, parking facilities, storerooms, changing rooms and a rooftop terrace. Conren Tramway recently signed a leasing agreement whereby the Wojo will take over the property at a rate of  22.3 euros per square meter per month

Amundi’s operations in Spain began last year with its acquisition of the Portico building, in Madrid’s Campo de las Naciones, for approximately 130 million euros.

Original Story: Expansión – Marisa Anglés

 

Pontegadea Leases Seven Floors in Torre Foster to Amazon

20 July 2019 – Richard D. K. Turner

After buying part of the headquarters of Amazon in the United States, Pontegadea has sealed another deal with the American e-commerce giant, leasing seven floors of offices in the Torre Foster to the firm.

Pontegadea, the investment vehicle of Amancio Ortega, the founder of Inditex, leased the space, totalling 11,550 square meters for between 23 and 28 euros per square meter.

Mr Ortega acquired Torre Foster almost three years ago when the tower had been fully leased to the oil company Cepsa.

Original Story: El Confidencial – Ruth Ugalde

Photo: Pontegadea.