International real estate advisor Savills has advised BBVA on a sale and leaseback to a family office investor.
The first floor office, located in prime Madrid at 35 Nuñez de Balboa, comprises 1,379 m² (14,843 sq ft) with two parking spaces. The total investment volume was 5.4 million, reflecting a 6% yield.
Manuel Santos, Director of national investments in the Capital Markets department at Savills, says: "Sale and leaseback transactions remain popular in prime locations where the prospective tenant's credit and terms of the contract allows for a mutually beneficial deal for both parties."
Source: Savills
