19 Arenal Street, Madrid

Local comercial Inbest Real Estate Local comercial Inbest Real Estate

Commercial premises of 139sqm, located in one of the main touristic and commercial areas of Madrid,  close to Puerta del Sol and the Teatro Real – Plaza de Oriente – Palacio Real.

Transaction: acquisition of an asset leased to Madrid Souvenirs with a contract below market levels and that would be expiring in the coming years. Given the tenant’s interest in remaining on the premises, the management team renegotiated the conditions by increasing the rent to market level.

Location

19 Arenal Street, Madrid

Date of investment

October 2015

Status

Asset under management

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