• Offices

    Palma de Mallorca

    Sale

CG Capital Europe has acted as the exclusive financial and real estate advisor to Ibervalles, a top REIT (SOCIMI) investor, on successfully structuring and executing the sale of an Office building for €18.5 million, located in Palma de Mallorca, Spain.

The office Asset have a total GLA of 6,492 sq.m. and 87 parking spaces, 100% leased and is sited in the area of influence of two of the most transforming urban developments of recent years in Palma de Mallorca: the Sea-Side Promenade and the new Marina (new ‘Club de Mar’), which are undergoing a complete transformation with an ambitious public-private investment scheme.

This Transaction has been successfully closed in an extreme complex moment for office markets, especially considering the secondary location of the Asset.

CG Capital Europe, as exclusive financial and real estate advisor of the Owner, has run the entire structuring and execution of an optimal sale process, contacting investors with different profiles, obtaining several offers, designing a highly professional sale process, finding the most adequate Buyer, and providing support to Asset’s Owner alongside all phases of the process and optimizing deal’s price and conditions.

This Transaction represents another example of CG Capital Europe’s highly successful track record and its deep knowledge of real estate and corporate finance markets, having closed assets’ sale & purchase transactions for over €4.0 billion and financing deals for over €2.6 billion, with a combined c.97% success ratio since 2012.