Corum AM buys office building in Madrid

Corum AM buys office building in Madrid

BNP Paribas Real Estate has advised Corum AM, a French real estate investment fund, in the purchase of this office building located in Las Rozas, Madrid.

The asset is located on Gabriel García Márquez 2 street, in front of the A-6 highway. It is a representative office building with 11,000 sqm of space on 3 floors, in addition to 562 parking spaces. The building is currently the headquarters of the Scottish engineering company Wood, the former Foster Wheeler.

«This operation demonstrates once again the high interest of international investors in the office sector in Spain. This highly visible asset, a solid lease agreement and an excellent agreement, has all the characteristics that a long-term investor like Corum AM needs », assures Benjamín Gómez, Head of Capital Markets at BNP Paribas Real Estate Spain.

Corum AM is a French institutional investor with more than 3.5 billion euros in assets under management and with the purchase of this asset, the company strengthens its position in Spain.

For this deal, Pérez Llorca and Arcadis have been their legal and technical advisers respectively.

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