Calle Fomento 2, Plaza do Santo Domingo, Madrid
Strategy: Commercial Development/Investment
Size: 10,054 m²
Acquisition Date: 2015
Realisation Date: 2019
Acquired a telephone exchange on a seven year sale and leaseback to Telefónica in prime central Madrid. Sold as a development opportunity to convert to a 99 residential unit scheme or a 161 bedroom 5*hotel when the tenant vacates.