Spain's Banco Popular has agreed with media company Vocento on the purchase of a large plot of land in Madrid where the Spanish bank plans to relocate its new headquarters. The site, which was acquired for EUR 80mln, willl house in 2013 the bank's total staff of about 3,000 that the Spanish group now employs in 14 separate buildings. The new office complex will have an area of 70,000 m2, Banco Popular said in a statement.
Spain's Banco Popular has agreed with media company Vocento on the purchase of a large plot of land in Madrid where the Spanish bank plans to relocate its new headquarters. The site, which was acquired for EUR 80mln, willl house in 2013 the bank's total staff of about 3,000 that the Spanish group now employs in 14 separate buildings. The new office complex will have an area of 70,000 m2, Banco Popular said in a statement.
Additionally, the financial institution said it is negotiating the sale of its offices in the Spanish capital. According to newspaper Expansion, the bank has recently sold several of its office buildings in Madird - including assets in Calles Velázquez, Conde de Peñalver, Labastida and Juan de Olías - for capital gains of over EUR 173mln.
