Zurich Group has acquired to Metroinvest an office building located in Albarracin Street 33 in Madrid, in Julian Camarillo business area. The building, which was built in 2005, has a total of 23,100 m² and is occupied by the City Council of Madrid, that intended to municipal computer equipment, police and the area of mobility.Cushman & Wakefield, a global leader in real estate services, has advised the Spanish group on the sale of the property. The building is divided into three floors above ground, open space and divisible areas, plus the ground floor and a large number of underground parking spaces: 279.
Julián Camarillo area, which was originally industry, is well connected by metro and bus, in addition to being near the main ring roads and has become a bussiness area of reference in Madrid. For this reason, companies like BBVA, Indra or Santa Lucía have chosen Julián Camarillo area. With this sale, Cushman & Wakefield has led the investment market last year advising transactions for more than € 3,300M in the last 2 years.
According to Oriol Barrachina, CEO of Cushman & Wakefield Spain, "transactions like this, show the interest in the investment market in Spain, especially in modern quality buildings."