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LaSalle Buys a Residential Property in Madrid and Searches for New Opportunities in Spain

The company has acquired a building comprising 40 apartments in the capital for 20 million euros from the Socimi Optimum III Value Added and plans to continue investing in assets in Spain in 2021.

Edficio residencial calle edgar neville 7 Madrid fuente CBRE 2

LaSalle has purchased a six-story residential property in Madrid’s Azca financial district. The asset, which was owned by the Socimi Optimum III Value Added Residential, has been acquired on behalf of one of LaSalle’s clients for 20.2 million euros.

The property is located on Calle Edgar Neville, 7 and comprises 40 apartments with one, two and four bedrooms. It also has a commercial space on the ground floor, which is leased to a supermarket on a long-term basis, and two underground floors for parking.

Read the full article in Spanish.

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