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 |
