Meridia is investing in Madrid. The Spanish fund manager has closed the purchase of an office building in Madrid, in Madbit, for its fund Meridia IV, according to Eje Prime.
The complex, which has been acquired from a family office, spans a surface area of 20,188 square meters and has cost 12 million euros. Now, Meridia will invest another 40 million euros to renovate and reposition the property. In total, the operation could exceed 55 million euros.
Read the full article in Spanish.
