Archive for February, 2010

Masters II office building under offer?

Thursday, February 11th, 2010

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 CompensaciĆ³n 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 ā‚¬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