Dating back to the early XX century, the assets comprises 7 offices floors, 4 of which will be devoted to stores. The upper floors will also be renewed, keeping the office space.
Iba and CBRE GI continue to focus on Spanish retail market, at a time when they buy properties in commercial areas of reference, rebuild it and then rent to renowned brands. Later on, they resell to third parties.
According to Expansión, the transaction value was not released.