CBRE, the leading global commercial real estate services firm, has completed the sale a 17,800 m² property on the Paseo Imperial in Madrid on behalf of interiors retailer Radisa.
The property, which was acquired by cash and carry specialist retailer Makro, a Spanish affiliate of the Metro group, will house a new shop concept.
The building is more centrally located and compact than Makro's usual retail facilities, making it more accessible to hospitality and tourism customers.
The property has a floor space of 17,800 m², of which Makro will use 1,600 m² as a sales floor with the remainder utilized as offices for the group as well as parking facilities.
The building is conveniently located just a few meters from one of the busiest, most well-known parts of Madrid, the Puerta del Sol.
Source: FTI Consulting