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Meridia buys office building in Madrid
08 November 2019 | Vanessa Sousa

Meridia Capital’s latest fund, Meridia IV, concluded the purchase of an office building located in Madrid’s business area. The name of the seller was not disclosed.

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This 10.000 sqm asset is part of Madrid’s Mab Bit’s district and has 61% of its area leased to IBM, revealed the company in a release.

This asset – together with a 4 office building portfolio located in Madrid and Barcelona with a total combined area of 26.000 sqm – cost Meridia IV around 75 million euro, according to La Vanguardia. Taking into account the assets’ areas, it is estimated that the building should be worth around 20.8 million euro.

Meridia IV is the new investment fund from management company Meridia Capital and it has an investment capacity of more than 500 million euro.