Iberdrola Inmobiliaria sells complex Málaga Business Park

Iberdrola Inmobiliaria sells complex Málaga Business Park
 Málaga Business Park, Spain

The operation is part of the asset rotation strategy Iberdrola Inmobiliaria maintains to streamline its rental portfolio.

For Inovalis, this operation represents its first acquisition in Spain and contributes to the diversification of its portfolio, both geographically and in terms of asset type.

The building, located at Parque Tecnológico de Andalucía (PTA), has a total 12.000 sqm and 297 parking spots. The Málaga Business Park was built in 2003 and is currently fully leased.

CBRE advised Iberdrola Inmobiliaria in this operation and Variant Real Estate Partners advised Inovalis.

Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!