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.