Cushman & Wakefield, global leader in real estate services, has advised Ingria Investment, investment fund formed mainly by Rockspring, on the sale of a retail unit located at Serrano 7 to the German company AEW Europe. Serrano 7 is located in one of the most exclusive areas of Madrid, in the heart of Salamanca district. The space has a total of 750 m² spread over two floors, the street and the first. The restaurant is characterized by its open space area, plus large balconies and eight windows, which allow plenty of natural light.The space is part of a building that it is being fully refurbished, whose works will be finished in the first quarter of 2017.
Marc Langenbach, Fund Manager of AEW Europe commented: "As the first investment fund in Spain, this operation is a welcome addition to our portfolio Our intention is to hire a local to an international retailer during the construction period and we have already received strong interest over the coming months we will continue expanding our portfolio in main streets of the major cities in Europe. "
According to Beatriz Lopez Cid, Associate Retail at Cushman & Wakefield Spain, "the premium brands increasingly are moving to the Puerta de Alcalá, due to the limited availability of premises. This requires buildings to remodel and adapt to new needs. The closing of this transaction confirms theconfidence of investors in assets HS in Spain and precisely the place that has bought AEW Europe goes in this direction.
Calle Serrano is one of the most emblematic strees, located in the famous Golden Mile of Madrid, where are placed luxury brands like Prada, Cartier, Louis Vuitton, Versace and Adolfo Dominguez, among others.