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Blackstone sells ING’s future headquarters for €190M
28 February 2020 | Vanessa Sousa

ING’s future headquarters, which are part of the Helios business park in Madrid, were sold by American Blackstone to South Korean management company Inmark Asset Management for 190 million euro.

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The new office complex – it was concluded in 2019 – consists of two identical 6 floor buildings with a total combined area of 34.947 sqm, as reported by Spanish newspaper Cinco Días this Thursday. ING will install its headquarters in one of these buildings, located at number 1 Vía de los Poblados in the Spanish capital, later this year.

While this is the South Korean management company’s first operation in Spain, for Blackstone this is one more sale from the portfolio it inherited from REIT Hispania, for which it paid 2.000 million euro in 2018. The transaction was, according to the same newspaper, advised by consultant CBRE

The American company was the protagonist of many sales last year. The sale of the MB One Building for 80 million euro was one of them and the sale of the portfolio which included the buildings Sant Cugat Green, Illumina, Delta Nova 4 and 6 for 130.5 million euro was another one.