Gmp sells Barajas 1 building for €37.5 million

Gmp sells Barajas 1 building for €37.5 million

 

The asset, which will be rehabilitated by its new owners, has a 29.367 sqm GLA and parking for 204 vehicles. At the end of last year, about two thirds of the building were leased, with SGS and Vodafone as its two main tenants, according to Eje Prime.

This asset had a considerable weight within Gmp Group’s portfolio. According to the company’s release, the sale of Barajas 1 building, assessed by CBRE, reduced its office GLA in 7.9%.

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