Value Plus Properties acquires two commercial assets in Madrid

Value Plus Properties acquires two commercial assets in Madrid
Serrano 27, Madrid

The assets, the first, owned by the designer Agatha Ruiz de la Prada and the second, owned by a private equity investor, are located in the emblematic building of Serrano 27. The set of premises has a combined surface area of ​​665 sqm (distributed on the ground floor and basement).

The buyer has been Value Plus Properties, the new 'JV Company' owned by Dunas Capital and Mutualidad de la Abogacía. The joint venture will carry out the connection & comprehensive reform of the premises and the rental to a new tenant, to make it a reference premises in Madrid's ‘golden mile’.

CG Capital Europe has structured and led the entire sale process, including the arrangements for the future union of the premises, the definition and execution of the optimal sale process and the relationship between the numerous parties involved in this innovative and complex real estate transaction.

"This transaction has been especially important for CG Capital Europe, given the recent context of Covid-19, with retail being one of the sectors most affected by the pandemic" states CG Capital.

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