Real estate space bets on offices to fatten its assets

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Inmobiliaria Inmobiliaria, of the Villar Mir Group, wants to expand its real estate assets after years of divestment. And its strategy involves betting on the office market. Proof of this is the Caleido building, located between the four towers and that the firm wishes to keep in its portfolio. Its idea is to build offices on its own land and buy existing properties.

In an interview for El Economista, Alberto Muñoz, General Director of Inmobiliaria Espacio, says his strategy is to develop new assets on own land, which have a value of about 220 million euros, as well as the purchase of offices to rehabilitate and provide added value.

Thus, the firm is studying building an office building through a turnkey project on a plot that it owns in the Madrid neighborhood of Valdebebas and that has about 25,000 m2. His idea is to develop it for a third party and keep a stake in the property or directly rent it and stay as owners of the entire building.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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