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Zurich Completes the Purchase of Popular’s Former HQ for €120 Million

In June, the insurer negotiated the acquisition of the former headquarters of the now-defunct Banco Popular, for around 120 million euros, according to market sources.

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Rex Spain ZDHL, which belongs to the Zurich group, is the company that has acquired the Velázquez 34 building, located at the intersection of Calle Velázquez and Calle Goya in Madrid, from Grupo Rosales. CBRE, which is exclusively marketing the entire building, has advised the buyer on the operation.

Rex has also received legal advice from Roca Junyent, and technical advice from Homu Project.

Read the full article in Spanish.

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