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Kefren acquires Torregalindo office building for €7M
04 November 2019 | Vanessa Sousa

The office building located at number 1 Calle Torregalindo in Madrid was bought by Kefren Capital Real Estate (KCRE) last week for 7 million euro. The name of the seller was not disclosed.

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This operation – which was advised by Cushman & Wakefield and Hogan Lovells – is part of the company’s current business strategy, which consists in creating added value for the assets it purchases. Thus, this 3.550 sqm building will be refurbished and later placed on the market, revealed newspaper El Economista.

Another example of this strategy is the company’s refurbishment of office building Juan de Mariana, which was acquired 2 years ago to be refurbished and traded. Catalana Occidente is the building’s current owner.