GBF Capital enters sector with agreement to buy CBRE Global Investors' Axis Building
Transactions - JANUARY 14, 2020

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GBF Capital enters sector with agreement to buy CBRE Global Investors’ Axis Building

by Andrea Zander

GPF Capital Real Estate, the newly launched real estate arm of GPF Capital, has exchanged contracts with CBRE Global Investors for the acquisition of the Axis Building In Madrid’s Plaza de Colon.

The building, formerly Barclays' headquarters since 1971, is currently undergoing significant redevelopment, transforming the office building into an iconic asset in Madrid’s Plaza de Colon. The new building has been designed by Foster +Partners, founded by architect Lord Norman Foster.

The Axis building is located at one of the most prestigious business and communication hubs of Madrid, where Chamberi, Madrid Centro and Salamanca districts converge, and where more than 375,000 people pass through every day. This iconic building of approximately 4,000 square meters (43,000 square feet) is distributed over five floors, with a basement for commercial use and offices, as well as a terrace of 775 square meters (8,340 square feet) and 15 parking spaces.

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