Meridia buys office building in Madrid

Meridia buys office building in Madrid

This 10.000 sqm asset is part of Madrid’s Mab Bit’s district and has 61% of its area leased to IBM, revealed the company in a release.

This asset – together with a 4 office building portfolio located in Madrid and Barcelona with a total combined area of 26.000 sqm – cost Meridia IV around 75 million euro, according to La Vanguardia. Taking into account the assets’ areas, it is estimated that the building should be worth around 20.8 million euro.

Meridia IV is the new investment fund from management company Meridia Capital and it has an investment capacity of more than 500 million euro.

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