i-comparables first published the following article on its website under “news” on 11/02/2010:
According to confidential sources Mapfre Inmuebles is close to closing the sale of the Masters II office building located at Calle General Peron 38, Madrid to the Consorcio de Compensación de Seguros. The sale of the building is likely to be completed shortly at an amount considerably below the asking price in the region of €128m according to i-comparables.com sources. The office building includes ground level retail units and some 400 parking spaces. The asking price represented a triple net initial yield in the region of 5% although the closing yield is likely to be considerably higher. The building enjoys a high occupancy level. Source: | i-comparables.com
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