Grosvenor Europe acquires office in Madrid

Grosvenor Europe has acquired an office building in Madrid, within the Méndez Álvaro neighborhood, from UBS (D) Euroinvest Immobilien, a German open-ended real estate fund managed by UBS Real Estate GmbH. The buy side was advised by Savills Aguirre Newman and the seller by Cushman & Wakefield. A sales price was not disclosed.

The asset is located at 8 Calle Titán in one of the most dynamic and high-potential office areas of Madrid. The building has 10,634 square meters (114,463 square feet) distributed across 14 floors above ground, with 212 parking spaces, and is the current headquarters of Unicaja, Enagás and Nózar.

The asset is strategically located among a purposeful stretch of offices, with excellent visibility from the M-30. This area is undergoing its final phase of densification with large developments on the few remaining plots of this high-demand office district. It benefits from excellent transport connections with access to both the Atocha station