• Offices

    Sale

The three office Assets are located in the area of influence of Madrid ‘Nuevo Norte’ and the Clesa Factory refurbishment project in the north of Madrid. CG Capital Europe has acted as exclusive financial and real estate advisor to the Owner.

CG Capital Europe, thanks to its privileged access to investors worldwide, has structured an optimal sales process, was able to attract a top institutional investor based in Spain to the Transaction, optimizing the timing of the sale process for our client and achieving the best possible terms for this landmark transaction.

The office Assets have a total GLA of 12,500 sq.m. and 225 parking spaces. They will experience a comprehensive refurbishment. The capex plan provided covers all necessary actions to transform the Assets into Grade A buildings.

This Transaction has been successfully executed in the current complex global environment for the office sector, still affected by Covid-19 crisis. It has been successfully completed in a record time of less than 5 months.

CG Capital Europe, as the exclusive financial and real estate advisor of the Transaction, has run the entire structuring and execution optimal process, contacting investors with different investment criteria and strategies, designing an optimal professional process, finding the most adequate Buyer and optimizing the deal’s conditions. This Transaction represents another example of CG Capital Europe’s highly successful track record, its excellent long-term relationships and privileged access to investors around the world, and its deep knowledge of real estate and corporate finance, having closed deals for over €2,600 million, with a c.95% success ratio, during the last ten years.