2 October 2019 – Pictet, through its real estate fund Elevation I, has finalised its first acquisition in Spain. The fund acquired two buildings located at Paseo de la Castellana 62, in Madrid.
The office complex was completed in 2012 but never occupied. The 7,900-m2 asset consists of a 9-floor main building facing Castellana with terraces, a garden and commercial premises. The second office building, behind the first, has three floors. The complex also has three underground floors with parking and storage rooms.
Original Story: El Economista – Alba Brualla
Adaptation/Translation: Richard D. K. Turner