Prada buys Bankia’s retail asset for more than €59M

Prada buys Bankia’s retail asset for more than €59M


The financial institution fulfilled the commitment to sell the building for more than 59 million euro, which will be finalized with the support of Haya Real Estate.

The 908 sqm three floor building is located at number 64 Serrano street in Madrid, according to Eje Prime. When the operation is finalized, it will be occupied by brands from the Prada group, like MiuMiu and Car Shoe.

The building is currently occupied by Bankia’s offices, which only has 6 months to move out.

This transaction was made when several investment funds, real estate groups and family offices showed interest in the asset, namely Iberfin and BMO.  Its privileged location is one of the asset’s main attractions, according to the same newspaper.

Iberian Property logoIberinmo logo
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!