Comprising a gross lettable area (GLA) of 17.032 m² and 381 parking spaces, this office building is close to a 90% occupancy level, and is almost entirely let to the international consultancy firm Capgemini. The property is located on Calle Anabel Segura, in the Arroyo de la Vega area.
The Socimi headed up by Luis Lopéz de Herrera Oria was advised by EY on the legal, technical and commercial side, while the seller was advised by Garrigues on the legal side and Aguirre Newman and JLL on the brokerage side.
This was an offmarket acquisition that will provide Axiare Patrimonio with an immediate income stream.
Besides this acquisition, Axiare Patrimonio has also recently signed a financing agreement for more than €34 million with Banco Santander, with which it plans to make further acquisitions and to continue to improve the existing portfolio. For this financing agreement, Axiare Patrimonio received legal advisory services from Gómez¬Acebo y Pombo, while Banco Santander was advised by Watson Farley & Williams.
These new loans signed with Banco Santender bring the total bank financing since its initial listing on the Stock Exchange to €572 million
Nowadays, the value of Axiare Patrimonio's property portfolio is circa €1,350 million. 74% of the portfolio comprises office assets, of which almost half are in strategic locations in the CBDs of Madrid and Barcelona; 16% are logistics warehouses situated in key locations for goods distribution around Spain; and the remaining 10% are retail warehouses with high visitor footfalls.