DESCRIPTION

Iconic office complex located in the Méndez Álvaro district, one of Madrid’s most established business areas and the natural southern extension of the city’s Central Business District (CBD).

The property comprises three independent buildings forming a landmark urban business park, with a total gross leasable area (GLA) of approximately 58,952 sqm -distributed as 27,500 sqm, 12,500 sqm, and 19,000 sqm respectively – and around 600 parking spaces.

Each building offers highly efficient floor plates of around 5,000 sqm. The asset is fully let to three top-tier ‘Grade A’ tenants – Amazon, Madrid City Hall, and the Community of Madrid – providing a strong mix of public and private covenants and securing stable, long-term income visibility.

VALUE PROPOSITION 

Reactivation of a stalled transaction through tailored structuring and off-market execution. The acquisition was successfully completed via a customized share deal, designed to unlock a failed market process by purchasing a diversified portfolio that included three additional non-coreo assets.

A back-to-back disposal of the non-core properties was completed alongside the execution of a taylor made financing facility, significantly optimizing capital efficiency and reducing the equity requirement.

The transaction also benefited from the timely capture of favorable market conditions, securing the asset below market value by capitalizing and the limited buyer competition for large-scale transactions.

The resulting business plan is flexible and fundamentals-driven, allowing for both mid-term and long-term investment strategies – each delivering attractive value-added returns while maintaining a Core+ risk profile.

DIVESTMENT STRATEGY 

A flexible exit strategy has been designed, including the potential horizontal division of the complex into three separate plots, aimed at enhancing market liquidity by offering smaller, standalone investment opportunities relative to the overall transaction size.