GMP finalizes the purchase of the Glovo headquarters for €220M

GMP finalizes the purchase of the Glovo headquarters for €220M

The Madrid Socimi GMP, together with a financial partner, finalizes the acquisition of the facilities that will house the Glovo headquarters from the end of the year to the German fund manager Freo, for around 220 million euros, according to Expansión.

The process of selling the property began at the beginning of the year with a starting price of 250 million and, since then, it has generated a lot of interest in the sector, especially among large German funds and institutional investors. Despite the uncertainty due to the complex macroeconomic situation in Europe, which is slowing down the office investment market, the transaction has finally been completed. The operation has been advised by CBRE and Savills on the buying side, while EY has provided its services to the seller.

Mile 22@ has an available area of 35,000 square meters spread over three buildings. Glovo has pre-leased 17,000 square meters.

Mile Ávila is located on the corner of Ávila and Llull streets and can be divided into two interconnected units, with independent entrance halls. The building offers spacious floors with a siperfiei of up to 3,218 square meters and a free height of 2.7 meters, with a maximum occupancy density of 1:7.

Mile Llull, meanwhile, is located on the corner of Llull and Badajoz streets and has floors of up to 1,822 square meters and a free height of 2.7 metres. Its outdoor terrace on the eighth floor offers great views towards Poblenou and the Mediterranean Sea.

Lastly, Mile Badajoz, also on the corner of Calle Llull and Calle Badajoz, has floors of up to 910 square meters and a free height of 2.7 metres. It also has another terrace on the eighth floor where you can enjoy the skyline of the area.

The three buildings are immersed in the Badajoz Axis, erected as the new transformation engine of the most dynamic business district in Barcelona. More than 50 national and international companies have already chosen this area to locate their headquarters. In this context, Mile Business Campus has a strategic location halfway between Glòries and the sea front.

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