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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 €27 million to well above €60 million

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