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Meridia Capital Acquires an Office Building in Madrid for €26.5M

Posted by: In: Real Estate 30 May 2018 Comments: 0 Tags: , , , , , , , , , , ,

29 May 2018 – Eje Prime

Meridia Capital is entering the prime office area of Madrid. The Barcelona-based investment fund has purchased a building with a surface area of 7,500 m2 for €26.5 million, as revealed by Eje Prime. The firm, founded and led by the businessman Javier Faus (pictured below) has sealed the operation through its investment vehicle Meridia III.

The property is located close to Paseo de la Castellana, at number 4 Calle Juan Hurtado de Mendoza. The office was constructed in 1967 and underwent a renovation in 2005.

Following its purchase, Meridia plans to refurbish and improve the property with the renovation of its façade and technical facilities. In addition to offices, the property is also home to 54 parking spaces.

Original story: Eje Prime

Translation: Carmel Drake

The post Meridia Capital Acquires an Office Building in Madrid for €26.5M appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts


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