Cushman & Wakefield,the global leader company in real estate services, will manage the Zurich Insurance PLC portfolio, consisting of 9 properties in Madrid and Barcelona. The portfolio have a total area of approximately 71,000 sqm. C&W will be responsible for tenants and assets management, as well as supporting Zurich in technical aspects.
Most buildings have been or are being refurbished to adapt them to the new business needs. In Barcelona three of the nine buildings are located in central areas such as the Paseo de Gracia, Avenida Diagonal or the Cathedral. In the Spanish capital, on the contrary, a great part of the properties are located in peripheral office areas.
According to Susana Clarke, Partner and Head of Asset Services Cushman & Wakefield Spain, "We are very proud to have the opportunity to work with Zurich in this important portfolio by offering solutions to their real estate needs from the AEA Asset Services"·
Salvador Pérez, Head of Asset Management Real Estate Spain Zurich, "Our good experience with C&W in other lines of business and the professionalism demonstrated by the team of Asset Services during the bidding process has led us to bet again for them ".
With these new 71,000 sqm, Cushman & Wakefield has overcome the figure of 2.2 million square meters in management, which include also 17 shopping centers and retail parks that are currently in the portfolio of the company.