Merlin sells an office building in Madrid to Kennedy Wilson for €40M

Merlin sells an office building in Madrid to Kennedy Wilson for €40M

The investment fund has acquired an office building in Madrid, until now owned by Merlin, located in the Arturo Soria area. The operation has been closed for 40 million, according to Expansión.

The building, which has a surface area of 9,600 square meters, is occupied by the headquarters of various multinationals, such as BNP, Allianz or Axa, and is partially rented from Wizink. The building is divided into eight floors and was renovated in 2017, when it achieved the Leed Gold sustainability certificate.

In addition, the asset has green spaces on the ground floor, 309 parking spaces and common outdoor areas. The operation was carried out through the Kennedy Wilson Europe Real Estate Fund II SCSp.

From Kennedy Wilson, they have indicated that this operation represents an opportunity for the fund to acquire a high-quality building prepared to house large companies.

The operation has been advised by the consulting firm Knight Frank.

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