TORREGALINDO

on 01/22/2020

The asset comprises 3,550 square meters above ground spread over three floors and 38 parking spaces included on the ground floor.

It is located in a consolidated office area (next to the headquarters of McCann, NCR, Altadis or Licuas among others) which stands out for its easy access by public and private transport and the proximity to the center of the capital

Kefren Capital Real Estate (KCRE) acquired this office building in October 2019 in an area undergoing a profound transformation and with one of the greatest potentials of all Madrid business districts.

The asset comprises 3,550 square meters above ground spread over three floors and 38 parking spaces included on the ground floor. It is located in a consolidated office area (next to the headquarters of McCann, NCR, Altadis or Licuas among others) which stands out for its easy access by public and private transport and the proximity to the center of the capital.

Kefren Capital Real Estate (KCRE) has acquired the property with the intention of carrying out a complete refurbishment of the building, repositioning the property in the market and taking advantage of the income growth potential of the area.

During the transaction, Kefren Capital was advised by Hogan Lovells. On the other side, the seller was advised by Cushman & Wakefield. This purchase demonstrates the confidence of investors in the Spanish market in the medium and long term, especially in those locations with solid fundamentals that historically have had a strong demand from tenants.

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Kefren Capital Real EstateTORREGALINDO

SEGRE 15

on 12/29/2017

KCRE has successfully completed the acquisition and full refurbishment of its new office totaling c.300 sqm

Located in the Madrid neighborhood of El Viso, the property is a 5 minute walk from Paseo de la Castellana and Santiago Bernabéu Stadium

KCRE completed a comprehensive renovation of the building at the end of 2017 and since then it has been the new headquarters of the company. The business space is distributed in 2 floors with fully automated facilities including security, lighting, HVAC, and multimedia systems

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Kefren Capital Real EstateSEGRE 15

MADRID

on 12/29/2017

The building comprises c. 3,600 sqm above ground spread over 5 floors, and over 2,000 sqm below ground, including 39 parking spaces.

The building is located in Mendez Alvaro-Delicias district, a consolidated business area, just a 15-minute walk from Atocha train station and Parque del Retiro, and a 5-minute drive to the M-30 ring road.

Kefren Capital Real Estate (KCRE) has closed the acquisition of an office building located at Calle Juan de Mariana, 15 (Madrid). The property was Grupo Segur Iberica’s headquarters until the company’s insolvency during the summer. PwC, the receiver administering the liquidation proceedings, awarded the asset to Kefren Capital, the winner of the competitive bid process.

The building was completed in 1994 and comprises c. 3,600 sqm above ground spread over 5 floors, and over 2,000 sqm below ground, including 39 parking spaces. “The building is very flexible – it would be ideal as the headquarters of a company that wants to be in a central location at a competitive rent, a co-working office for the south of Madrid very close to the high-speed train, or as a mixed use building offering the possibility to service last mile logistics thanks to a loading dock at street level” states Pelayo Primo de Rivera, CEO of KCRE.

It is located in Mendez Alvaro-Delicias district, a consolidated business area home to large companies such as Repsol, Amazon, Gas Natural, Ericsson, CLH and Mahou, with excellent public transport and road connections. The building is just a 15-minute walk from Atocha train station and Parque del Retiro (to the north), and a 5-minute drive to the M-30 ring road (to the south).

Over the last 10-15 years Mendez Alvaro has benefited greatly from the general gentrification of Madrid’s southern neighborhoods and the comprehensive supply of services that new office and residential developments have brought with them.

KCRE has been advised by Araoz y Rueda on legal matters and Mace on the technical side. Juan de Mariana 15 office building is the 4th successful value-added transaction completed by Kefren Capital Real Estate in 2017.

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Kefren Capital Real EstateMADRID