Commodus Real Estate buys office building in Madrid

Commodus Real Estate buys office building in Madrid

The asset has 4.410 sqm spread across seven floors, two attics and 15 parking spots. It is currently leased to Spanish start-up Spotahome, a 100 % online platform which is dedicated to managing the leasing of mid and long-term dwellings.

The building is located at the Atocha-Méndez Álvaro area, 30 minutes away from the Madrid-Barajas Adolfo Suárez Airport. This area went through many changes during the last ten years, which has attracted many multinational companies such as Repsol, Adif and Ericsson to install themselves in this area.

Commodus is a German fund management company, specialized in real estate with offices in Munich, Berlin, Paris and Madrid. The company’s focus is on commercial properties, in particular office buildings, which can bring added value, within the main European cities. The portfolio currently managed by the company is estimated at more than 1.500 million euro.

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