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Nuveen Acquires a Commercial Premise in Canalejas for €30 Million to House a Branch of Santander

The investment manager has purchased one of the commercial premises in the emblematic Canalejas Complex for around 30 million euros to house a Banco Santander branch.

Galeria Canalejas

The investment manager Nuveen Real Estate, with USD 125 billion in assets under management, has purchased one of the commercial premises in the Canalejas Complex, located in the central square of the same name in Madrid, for 30 million euros.

The space will be occupied by a branch of Banco Santander, the entity that sold the seven buildings that make up the project to the Villar Mir family in 2012. The Complex will include the first Four Seasons Hotel in Spain, along with twenty luxury homes and a large shopping arcade, according to reports from El Confidencial.

Read the full article in Spanish.

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