CBRE Global Investors has completed the acquisition of a portfolio of 16 logistics assets totaling 250,000 sqm on behalf of one of its separate account clients.
The Barcelo chain will install its fourth hotel in Madrid at the Plaza of Spain. In particular, it will in Madrid Tower, the skyscraper owned by Metrovacesa. Barceló has signed with the realtor a lease for 20 years but has not disclosed the amount of the transaction. the new 4-star hotel will occupy the first nine floors of the building, which represents about 22,000 m2.
Metrovacesa is scheduled to rush a "significant" investment in the design of such plants in order to convert the space into a landmark hotel, which will have 256 rooms, cafeteria, restaurant, spa, meeting rooms and common areas.
The idea of devoting a portion of the building to a hotel is long. After the failed attempt to sell the skyscraper in 2005, the company directed by Ignacio Moreno decided to remodel the building to turn it into luxury homes. Five years later he began marketing the first floors at an average price of 7,000 euros per m2. Housing larger, with more than 102 m2, cost 726,000 euros at that time.
Early last year, the bank controlled by the estate went on sale the last 49 homes available in Torre Madrid, with prices ranging between 400,000 and 825,000 euros.
Read more at: http://www.revistainmueble.es/2015/01/19/metrovacesa-alquila-a-barcelo-nueve-plantas-de-la-torre-madrid-en-plaza-espana/
