Ilunion's current headquarters, which is now owned by HNA, has become the entity's third building in the area, where it already owns Cemex's headquarters and the Murano building.
According to Savills, investment in offices in Spain amounted to €2.56 billion in 2022. 51% of that figure was transacted in Madrid, 37% in Barcelona and 12% in other cities across Spain.
The buildings sold by Colonial span a combined gross leasable area of 35,000 m2 and are located in the financial centre of Madrid.
This year, IWG, which currently has 3,500 centres across 120 countries, expects to continue expanding its network in Spain.