Goldman Sachs Sells Office Building in Valencia to Zriser

6 August 2019

Goldman Sachs sold a historic building in Valencia, one which formerly housed Bancaja’s Cemeco data centre, located on Avenida Cardenal Benlloch, 67. The buyer, Zriser, which is owned by Ana and Pablo Serratosa, has lately been one of the most active local investors in the Valencian real estate market. The building has a surface area of about 11,000 square meters, including offices and parking.Naturgy, Indra and Haya Real Estate are all tenants.

The two firms declined to reveal the sales price. Grupo Zriser’s real estate division operates more than 27,000 square meters of offices in five buildings located in different areas of Valencia, with an average occupancy rate of over 90%.

Original Story: Expansión – A.C.A.

Adaptation/Translation: Richard D. K. Turner

Zriser Buys Caja Madrid’s Former HQ in Valencia

13 December 2017 – Mis Oficinas

The real estate group Zriser, the investment company owned by Ana and Pablo Serratosa, has carried out a new acquisition and whereby fully entered the real estate sector in the centre of Valencia. Specifically, it has purchased the Gallery building, which formerly housed the headquarters of Caja Madrid on Calle Pintor Sorolla, from Goldman Sachs.

The building is currently leased in its entirety and its main tenants are Valencia International University and Aegon Seguros. In recent years, the building has undergone a major renovation, leading to the modernisation of its facilities, allowing it to be awarded the prestigious Leed certification.

With this acquisition, Zriser now owns a gross leasable area of around 28,000 m2 in Valencia, spread over 5 buildings in different parts of the city: two in La Alameda (the Albereda and Senda de Senent buildings), one in Alfahuir and two in the centre (Ayuntamiento 27 and Gallery on Pintor Sorolla 18).

The Zriser Group also specialises in the management of office buildings,  plus it owns stakes in the share capital of several companies such as THU Ceiling Solutions, an auxiliary construction company specialising in profiles and roofing solutions; Auditmedia, a group of companies specialising in the monitoring of media and analysis of advertising investment; and Punt Mobles, an iconic company in the furniture and home decor sector, amongst others.

Original story: Mis Oficinas

Translation: Carmel Drake