Spanish infrastructure group Acciona has reportedly entered into exclusive negotiations with pension fund La Mutualidad de la Abogacía (the Spanish private pension fund for lawyers) to sell two office buildings in Madrid for EUR 100 mln. According to a news report in Europroperty, the two buildings are located in Madrid's Julian Camarillo office market near the Barajas airport. They are leased to the local police authority with a long-term contract.
Spanish infrastructure group Acciona has reportedly entered into exclusive negotiations with pension fund La Mutualidad de la Abogacía (the Spanish private pension fund for lawyers) to sell two office buildings in Madrid for EUR 100 mln. According to a news report in Europroperty, the two buildings are located in Madrid's Julian Camarillo office market near the Barajas airport. They are leased to the local police authority with a long-term contract.
Acciona is believed to be selling a portfolio worth some EUR 350 mln across Spain, consisting of 11 properties. The company intends to divest most of the assets through a sale-and-leaseback structure.
Earlier this year La Mutualidad de la Abogacía bought an office building at Paseo de Recoletos 14 in the Spanish capital for around EUR 35 mln and last year acquired the headquarters of Banco Popular.
