Ibervalles SOCIMI has acquired two buildings in Madrid, with a joint area of 11,900 sqm, which belonged to Inmobiliaria Colonial. The incorporation of these assets to the company's portfolio responds to its investment strategy in offices with high potential for revaluation in Madrid, Barcelona and Lisbon. The real estate consultant JLL has participated as an advisor in the operation.
Ibervalles will reform and optimize the management of the buildings in order to update architectural aspects and increase their level of sustainability, technology and comfort. In this way, the assets will be adapted to the needs currently demanded by companies.
Javier Isidro, CEO of Ibervalles SOCIMI, points out that "the acquisition of these assets is a clear example of the company's strategy as a vehicle for investment and value creation". In addition, the CEO points out that "this operation will allow us to reposition the two buildings as offices adapted to current market demands in a tight period and in an alternative office market with good projections."
The building at Calle de Josefa Valcárcel 24 has a leasable area of 5,640 sqm and is located on the A2-Arturo Soria axis. This area represents a consolidated office market, which in recent years has regenerated and offers good absorption data. The reform and adaptation of the asset will be carried out by Estudio Lamela, an architecture studio of international reference.
On the other hand, the building located at Calle de Alcalá 506 and occupied until now by Indra has a leasable area of 6,260 sqm, including two commercial premises on the ground floor and 205 parking spaces, with an average area per floor of more than 1,400 sqm. It is located in front of the entrance to the Quinta de los Molinos Park and the Suances metro stop is at the door. In this case, the design of the building will be carried out by Tétris, the design and construction division of JLL.
The asset is located in the so-called MADBIT, the technological district and one of the main office areas in projection in Madrid, which has been consolidated in the old industrial estate of Julián Camarillo. This area is becoming a benchmark for national and foreign technology companies, transforming the available office park.
For his part, Ignacio Sobrino, director of offices at JLL Spain, stressed that “this operation demonstrates the great interest on the part of investors in the office sector. Value-added products such as these represent an opportunity for those investors who see the value of properties located in areas that, due to location, environment and type of occupants, have excellent characteristics and high potential for growth and development in the medium term”.