UBS buys €120M office building in Madrid

UBS buys €120M  office building in Madrid

 

Located in numbers 1 and 2 of Plaza Santa Bárbara, in the Palace of the Condes de Guevara, this building has a total of 11,549 m2, and dates from 1920, as reports EjePrime. It also has 300 parking spaces.

Formerly owned by BBVA, which has sold it years ago to a private investor, the Bank keeps here its innovation center and offices.

The transaction was intermediated by Savills Aguirre Newman. This is the 5th UBS acquisition in Spain within a year. About a month ago, it also bought in Madrid, through UBS Euroinvest Inmobilien, the office tower EspañaDuero, in Méndez Álvaro, for €55 million.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!