Repsol YPF, Spain's largest oil company, announced it has sold property assets worth EUR 160 mln via an auction in Madrid. The disposals include a 8,300 m[sup]2[/sup] building with 90 parking spaces for EUR 65 mln, a 700 m[sup]2[/sup] office complex with seven parking spaces located in the Azca building for EUR 5 mln and a EUR 82 mln building in Jose Abascal street, in the heart of the Spanish capital. The company did not disclose the identity of the buyers.
Repsol YPF, Spain's largest oil company, announced it has sold property assets worth EUR 160 mln via an auction in Madrid. The disposals include a 8,300 m2 building with 90 parking spaces for EUR 65 mln, a 700 m2 office complex with seven parking spaces located in the Azca building for EUR 5 mln and a EUR 82 mln building in Jose Abascal street, in the heart of the Spanish capital. The company did not disclose the identity of the buyers.
The proceeds of the disposals will go towards the development of a EUR 300 mln industrial estate in the Spanish capital, which will house the company's new headquarters. The site is located in the heart of Madrid, close to Atocha central station. The office development will provide 50,000 m2 of lettable area and about 2,100 parking spaces, as well as various facilities, including a restaurant, a gym and a leisure area.
