Arcano advises Liberbank on sale & leaseback of HQ.

Spain’s 8th largest listed bank, has arranged a S&L of its headquarters in Madrid.

Advised by Arcano, Liberbank (LBK.MC) has obtained c. €45.3 million marking a capital gain of €23.3 million.

The 13,500m2 office building houses over 400 employees and is located in Madrid’s Manoteras neighbourhood, north of the central business district.

Founded in 2011 by the Cajastur Group (including the Bank of Castilla-La Mancha), Caja de Extremadura and Caja Cantabria, Liberbank is a retail bank specialized in households and SMEs.

With more than 100 years history it is one of the 128 largest European banking groups and is subject to the supervision of the European Central Bank.

In December 2018, Spain’s Unicaja (UNI.MC) and Liberbank confirmed that they are engaged in talks about a potential merger.

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