PropertyEU

SEB acquires office complex from Caja Madrid for EUR 108m

By A staff reporter 2010-05-18T00:00:00

SEB Asset Management has acquired an office building in a sale-and-leaseback transaction from Caja Madrid for EUR 108 mln. Caja Madrid, Spain's oldest savings bank, is renting the building back for 30 years. Housing the bank's IT centre, the six-storey building comprises total rental space of around 43,700 m[sup]2[/sup] and ...

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