A family office of Kiri Asset Management (AM) has acquired two retail units in Madrid’s Justicia district, with a combined area of approximately 300 sqm. The transaction, which closed last July, concerns properties located at number 11 Calle Fernando VI, one of them on the corner with Calle Campoamor.
The two units are occupied by established tenants. One is leased to international cosmetics brand Aesop, while the other is occupied by a hospitality business that has been established in the area for several years.
According to Kiri AM, the transaction comes at a time when the availability of quality assets in established areas of Madrid is particularly limited, especially for properties with established tenants.
“We continue to see opportunities beyond the traditional prime locations. Fernando VI is one of those micro-locations that combine established operators, stability and revaluation potential”, said Jesús Sánchez-Quiñones, partner at Kiri AM.
Kiri AM is a multifamily office specialising in capital markets and asset management. The company is currently actively seeking investment opportunities in Madrid, with a particular focus on retail units, retail and buildings in established locations on behalf of its clients, including family offices and private capital.
