Spain

GMP buys an office building in Méndez Álvaro for €34M

GMP buys an office building in Méndez Álvaro for €34M

The Socimi listed on BME Growth has closed the acquisition of the Méndez Álvaro 56 office complex for 34 million euros, according to Cinco Días.

This property has 7,539 square meters and parking for 140 vehicles. It has the sustainable certification Q-sustainable Evolution Excellence++. The asset was promoted in 2010 by Arnaiz and subsequently sold to a fund.

In the Méndez Álvaro area, GMP has the Titán 4 office building, with 10,722 square meters, and 22,000 square meters of tertiary land.

This acquisition closes three months after the vehicle sold the Condesa de Venadito 1 building to the La Caixa Foundation. This property has more than 20,000 square meters, partially rented to ElEconomista, Grupo Ingenium or Universalpay.

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!