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SEB Asset Management has acquired a 43,700 m2 office building in Las Rozas in Madrid from Caja Madrid. The transaction is one of the largest deals closed in the Madrid office investment market over the last 18 months and reflects the renewed interest of institutional investors in quality assets in the Spanish real estate market.
The deal consists of a sale & leaseback transaction on a 30 year basis. The reported price is around €108 million. Caja Madrid is the fourth major Spanish banking group. EXA Consulting Investment has advised SEB in the transaction. i-comparables.com is seeking more details concerning the investment yield and rental level on this investment transaction and information will shortly be available to our subscribers | i-comparables.com
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