Royal Metropolitan acquires an iconic building in Campo de las Naciones

Royal Metropolitan acquires an iconic building in Campo de las Naciones

Savills Aguirre Newman has advised Grupo Royal Metropolitan in the acquisition in a partial sale & lease back format of an iconic building located in the Campo de las Naciones area together with IFEMA. This is an operation that involves an investment of more than 34 million euros in the office area with the best performance outside the M-30, where hardly any transactions are carried out due to the high degree of consolidation of the owners.

The asset, with an area of ​​7,912 sqm, currently has four plants available and fully implemented in the best location of the prime in the periphery, in the Roundabout of SAR Don Juan de Borbón, it will be certified in sustainability and well-being with the LEED and Well, in accordance with the Royal Metropolitan Group's policy of endowing its portfolio with the highest quality, betting on sustainability.

The operation allows Grupo Royal Metropolitan, which continues its purchasing strategy focused on top-quality assets in the best areas, to position itself in a sub-market with low asset turnover, high historical occupancy levels and highly demanded by both corporate users and institutional investors.

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