Bouygues buys Abengoa's former headquarters for €17.5M

Bouygues buys Abengoa's former headquarters for €17.5M

 

According to EjePrime, the French company will build here a 5-star hotel with the Accor Hotels insignia, in an investment of €20 million (in addition to the acquisition) to renovate the property. This will be the first Sofitel in Seville.

The same source says that the sale of this building is a new step in the process of financial restructuring of Abengoa, the Spanish multinational that left the building in 2009 when it moved to its current headquarters in Palmas Altas.

Iberian Property logoIberinmo 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!