French investment fund Ardian has closed its first real estate transaction in Spain with the off-market purchase of an office building in Madrid.
French investment fund Ardian has closed its first real estate transaction in Spain with the off-market purchase of an office building in Madrid. A Cuatrecasas team made up of Pedro Amat, Brígida Galbete, Gerard Correig, Ana Gamazo, Alessandro Jones and Claudio Hoyos advised on the design and implementation of the investment structure, together with law firm Chiomenti.
The office building, located near Madrid’s AZCA area, is occupied by a single institutional tenant and has approximately 10,000 sq m of rental space and over 150 parking spaces.
The investment was made through a dedicated investment platform controlled by a closed-end real estate fund, owned by Ardian and managed by Prelios.
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