BBVA wants to generate 100M with the sale of its tower in Bilbao

BBVA wants to generate 100M with the sale of its tower in Bilbao

 

One of the last real estate assets owned by the bank in its birthplace city, the BBVA Tower adds 23,935 m² of built area and was known to be the tallest building in the Basque capital, only to be supplanted after the construction of the Iberdrola tower, in 2012.

Located on the Gran Via, in the heart of the economic capital of Euskadi, the 88-meter, 21-stories skyscraper is on sale for more than €100 million, despite its almost 50 years.

To contribute to this evaluation is the megastore that Primark will open there, occupying its first floors; having already signed the lease agreement for that area of 10,000 m² for a period of 30 years.

According to El Economista, the Spanish Bank expects to sell the building during the first half of the year.

 

 

 

Photo: El Economista

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!