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Patrizia Acquires an Office Building in Madrid for €45 Million

The German fund manager has acquired a 15,000-square-metre office building in the Arganzuela district of the capital for €45 million.

20200709 Patrizia Fray Luis de Leon 11 1024x653 1
Building on calle Fray Luis de León number 11 in Madrid.

The German fund manager Patrizia has acquired an office building located on Calle Fray Luis de León, 11 in Madrid, in the Arganzuela district, for 45 million euros. In this way, the investment firm has reactivated the office market in the capital with one of the first purchases in Madrid post-Covid, as reported by the company to Brainsre.news.

The property has a surface area of 15,000 square metres and 176 parking spaces. In addition, the asset is leased for the most part to the company Vodafone, which has a long-term rental contract.

Read the full article in Spanish.

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