125 Fuencarral Street, Madrid
Asset located in one of the main commercial streets in Madrid, with a total area of 88sqm.
Transaction: Acquisition of commercial premises leased to a jewellery store (Iglesia Joyeros) who was paying a rent below market levels and the lease contract was about to expiry. Given the tenant’s interest in remaining on the premises, the management team renegotiated the lease agreement in order to optimize the rental income and to make it more attractive for sale.
Status: divested July 2014.