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Starwood should acquire Las Mercedes for €200M
25 July 2019 | Vanessa Sousa

The last details concerning the purchase of the Las Mercedes business park were finalized between the new owner Starwood and Go Madrid Bens, a Spanish REIT which belong to GreenOak. The American company should pay around 200 million euro for it.

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Consultant CBRE was also taken part in this operation, supporting the sale of the asset.

With this operation, Starwood adds to its portfolio a 9 office building complex within the Spanish capital with a total combined area of 79.000 sqm and 1.650 parking spots.

This information was reported by Spanish newspaper Expansión, which in its print edition recalls that these assets were purchased by asset management company GreenOak in 2016, for 140 million euro from Standard Life.

The same information was confirmed by Mercado Alternativo Bursátil this Wednesday.