Merlin sells Trianon business park in Madrid to insurer Fidelidade

Merlin sells Trianon business park in Madrid to insurer Fidelidade

When Merlin Properties announced its first-semester results, the sale of BBVA's office portfolio attracted all the attention, but it also closed a number of divestments which, at the time, it put at a total of €111.2 million. It has now been revealed that one of these sales was the Trianon Business Park in Madrid.

According to El Periódico de España, the sale of the property, with a total surface area of 18,400 square metres, was closed with the Portuguese insurance company Fidelidade in exchange for around 60 million euros.

The asset was part of the portfolio that Merlin Properties had for sale and, according to the company's results presentation on 29 July, the premium obtained from divestments in the first half of the year (excluding the BBVA portfolio) amounted to 8.9%.

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