PropertyEU

Private investor buys Madrid office building for EUR 23m

By A staff reporter 2009-02-05T00:00:00

An unnamed private investor has purchased an office building in Madrid's Cristalia Business Park for EUR 23 mln from Spanish real estate agent Inmoseguros, broker Savills, who advised the buyer, said on Wednesday. The deal reflects an initial yield of 6.5% triple net.

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