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Offices
Sale
CG Capital Europe has acted as financial and real estate advisor to the Seller of the Asset, a reputable Spanish institutional investor, in the sale of a prime office building, with a total GLA of c. 2,300 sqm, located in the heart of Madrid’s Salamanca district.
CG Capital Europe has structured and executed the sale process of the Asset. This building in CBD Madrid had an occupancy rate of c.90% and consists of five floors of office spaces, a retail unit on the ground floor and 6 storage rooms on the basement floor.
In an unfavorable socio-economic environment, due to the impact of Covid-19, which has been particularly hard on the office sector, CG Capital Europe obtained several offers for the acquisition of the Asset (from off-market and institutional investors), finally closing the Transaction with an Eastern European investor.
In addition, CG Capital Europe also worked on the optimal financing of the transaction, raising 3 term sheets from Iberia banks interested in financing the transaction under very favorable conditions for the buyer.
This transaction is further proof of CG Capital Europe’s ability to attract investors and lenders, among its extensive global network. Our Client has divested under extraordinary conditions in the most unfavorable environment for the office sector in recent years (due to Covid-19).
CG Capital Europe has closed transactions for more than 3.9 billion euros in the last ten years, with a success rate of c.95% (measured among its exclusive mandates).