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UBS places office building on Madrid’s market
09 March 2020 | Vanessa Sousa

There is one more office building available on the Spanish capital’s real estate market, a building from UBS Asset Management’s portfolio whose bidding value is not yet known.

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The information was advanced last Thursday by PropertyEu, which further mentioned that this is a headquarters building located at Campo de las Naciones in Northern Madrid.

This sale, if concluded, will not be the company’s first such operation this year. In January, the divestment in PepsiCo’s headquarters in Barcelona was consolidated and USB received around 60 million euro from British Aberdeen Standard Investments, as reported at the time by newspaper Expansión.

Another recent sale took place last September, when the company sold Torre Tarragona to Blackstone for 100 million euro.

But not all UBS’s deals in Spain correspond to sales, it also invested 34 million euro, last October, to purchase the Outlet Stores Alicante from Savills Investment Management.