Ardian closes first real estate investment in Spain

Ardian has closed its first real estate investment in Spain, with the off-market acquisition of an office building in Madrid.

The property is located near AZCA, Madrid’s main financial district, which benefits from excellent commuter links and currently houses the Spanish headquarters of a number of multinational companies, including EY, Deloitte, Google and Accenture.

The office building, constructed in 1992, consists of around 10,000 square meters (107,640 square feet) of rental space and includes more than 150 parking spaces. The property is fully occupied by a single tenant. The building features high ceilings, and benefits from plenty of natural light in office areas, as well as ample exterior space. These factors are increasingly important for attracting occupants. The team will work with the tenant to identify investment priorities in the property within the framework of their management strategy.

The investment has been performed through the creation o