Partners Group Places Madrid Offices On Market

Partners Group, a global private markets investment manager, with €73 billion in assets under management, has initiated the sale process for 3 offices in Madrid.

The assets are part of a portfolio purchased by the fund in April 2019 which includes 18 assets (mainly offices) with a total GLA of ​​91,000m². One of the most outstanding properties in the portfolio is Barcelona’s Edificio Meridian on Avenida Rio de Janeiro as well as the Med l and Med II buildings on the Garcia Faria promenade and on Calle Josep Ferrater i Mora.

The assets that are up for grabs are nº 518 of Alcalá street (7,400m² + 20 parkings) , nº 35-37 of Gobelas street (6,140m² + 182 parkings) and nº 35-39 of Santa Leonor street which is leased to Suez (​​4,000m² + over 70 parkings).

The vendor is known in Spain for being a key shareholder of jewelry company Tous and also Spanish software company Softonic. Last year, the private equity fund increased its Spanish presence via the acquisition of the Alantra PEF II fund, thus becoming the leading shareholder of companies like MBAGrupo Secuoya and Grupo Saltó.

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