Avenue Andalucía (208) in Valdemoro, which is located 27 km away from Madrid, is the asset’s address, which has 24.449 sqm spread out through two floors. The ground floor has a wide area for logistic use and the first floor has office spaces.
According to the release, the asset’s assessment was performed by consultant CBRE. Since its last assessment on the 31st of December 2017, the asset devalued €1.85 million.
This is Gore Spain’s third sale this year. The Spanish REIT, belonging to American Grenn Oak, received around €74 million with the sale of five assets: four buildings at Avalon Business Park (€57.8 million) and an office building in Alcobendas (€16.5 million).