WPP HQ

Overview

Location

Madrid, Spain

Purchase price

€175m

Reasons for buying

Prime CBD office developed to the latest specifications with high ESG credentials. Value creation through purchase of a vacant building and subsequent long term lease to WPP Plc.

Key Features

Prime CBD location in Central Madrid. 35,000 sq m building with unique floor plates of over 4,000 sq m and over 4m floor to ceiling heights. High specification accommodation completed to LEED Gold standards. Long term lease to a FTSE100 listed company with minimum annual indexation provisions.

Timing

Purchased in 2015

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