Axiare Patrimonio completes its largest deal of the year. The Socimi led by Luis López de Herrera-Oria has invested €124m in the acquisition of a landmark office building on the central Calle Almagro in Madrid.
The property has a gross lettable area of 15,094m² and 201 parking spaces, and is the headquarters of the prestigious international law firm, Cuatrecasas, Gonçalves Pereira.
With this acquisition, the value of Axiare Patrimonio’s assets now stands at €1,230m and the total invested in 2016 has reached €275m. The portfolio comprises 71% offices; 18% logistics platforms and 11% retail warehouses.
The Company has €67m earmarked for improvement projects and asset repositionings, with the goal of creating the best properties in each respective catchment area.
Axiare Patrimonio was advised by EY on the legal side and by CBRE on the technical and brokerage side.
