Location | Madrid, Spain |
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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 |