CaixaBank already has the first candidates to take over its headquarters, at Castellana 51.
According to El Confidencial; the real estate division of the LaCaixa InmoCaixa Foundation, JP Morgan in collaboration with Therus, GMP, CBRE IM and the sovereign wealth fund of Singapore GIC are the finalists to acquire this active trophy on Paseo de la Castellana.
The operation will far exceed 200 million euros; in a process organized by the real estate consultancy CBRE. The price per square meter of the transaction could exceed 11,000 euros. CaixaBank put this asset up for sale, since after the merger of LaCaixa and Bankia they moved their headquarters to Torres Kio.
Castellana 51, built in 1976, has 18,703 square meters of office space spread over six floors and 206 parking spaces. According to the aforementioned media, the asset needs a repositioning and modernization of its facilities.