IBA Capital and CBRE GIP interested in Gran Vía 18

IBA Capital and CBRE GIP interested in Gran Vía 18

. The US fund TPG has allocated the sale of this property to JLL, who will open a process for the formal sale of the building.

According to Spanish Real Estate, TPG acquired the property in an auction in the Comunidad de Madrid for 18.6 million and Arproma, the public company for rentals and developments in the region, formulated a complementary rental agreement which will expire on the 1st January 2018. It will complete as soon as the sale is formalized. 

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