Zurich negotiates the purchase of building Velázquez 34

Zurich negotiates the purchase of building Velázquez 34

Photo collected from Velazquez34.com

The office building is located at the corner with Calle Goya and has around 7.000 sqm spread across 7 floors. This unit also includes a commercial area, a 500 sqm terrace, a 140 sqm attic and 49 parking spots.

After its acquisition in mid-2008 from Banco Popular for around 60 million euro – in a sale & leaseback operation –, Grupo Rosales undertook the building’s refurbishment, advanced newspaper Cinco Días. Consultant CBRE is currently in charge of marketing the available spaces.

This should be the first operation the Swiss insurer carries out in Spain this year, but it is not the first operation to be concluded in Iberia. In Portugal, Zurich already spent 50 million euro between February and March, with the acquisition of buildings Cuatrecasas HQ and Castilho 52, both located in Lisbon.

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