Generali buys the Preciados 9 building for €100M

Generali buys the Preciados 9 building for €100M

The building was sold by CBRE GI and by IBA Capital. According to Spanish Real Estate, at the moment it is in the middle of renovation and remodelling work, and will have among its future tenants Pull&Bear, of Inditex, with an area of 2,400m2.

JLL and Colliers were consultants for this transaction, representing the owners.

The property was acquired from El Corte Inglés by IBA Capital, later accompanied by CBRE GI in a deal which will include the ABC Serrano shopping centre.

The same source mentions that Generali Real Estate, the new owner, is one of the main global managers, with a presence in the main European markets and entered the sale of Spanish retail space, in a prime site, with one of the biggest retailers in the world as its tenant


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