We use cookies to adapt this website to your needs as well as to improve our services. The further use of the website is understood as consent to our regulations on cookies.

Calle Serrano 90, Madrid

Type of Transaction: Single Asset Deals
Strategy: Value-Add (Portfolio Development)
Geographic Focus: Madrid Centre, Spain
Transaction Volume: not named (Redevelopment)
Management Approach:

  • Portfolio property since 2002 with full occupancy throughout and a head lease agreement that expired in 2017
  • Calle de Serrano: prime location for offices and increasingly also retail properties with strong development potential
  • Market value boosted by means of restructuring and partial conversion from office to retail space
  • Targeted repositioning of the property by creating high-quality, sustainable and flexible
    spaces for retail and office use
  • Implementation of the restructuring measures resulted in the market value increasing from
    approximately €36 million to well above €80 million

Share this article:

You might also be interested in