Madrid Content City, for sale for €400M

Madrid Content City, for sale for €400M

Roots Real Estate, developer and owner of the Madrid Content City film hub, has put its center up for sale for a price of around 400-420 million euros, according to Expansión.

To acquire this complex, in Tres Cantos (Madrid), eight major players have applied, including the international managers Apollo, Blackstone and KKR.

The cinematographic megahub is made up of 12 recording studios, 3 office buildings, 24 warehouses, a university campus, a student residence, 13 restaurants, a supermarket and a service station.

Currently, the hub is leased to Netflix, with a long-term contract. In addition, the supermarket is operated by Mercadona and the university facilities, together with the residence, were promoted through an agreement with Grupo Planeta.

The current owners are Raúl Berdonés and Pablo Jimeno, partners of the Secuoya production company, and the HIG fund, who have invested more than 120 million in the development. The owners of Secuoya gave entry to the fund last year, to provide liquidity to the project.

It is the second cinematographic center in Europe, behind Pinewood, in the United Kingdom. In total, the properties occupy more than 140,000 sqm of land. So far, it has had three construction phases, the last one in 2020.

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