Blackstone has brought another large office investment to the market in Spain, as it continues to sell assets from companies it amassed over a year-long buying spree.
EuroProperty understands the US investor has put the prime Helios development up for sale and hopes to realise €175 mln, although no asking price is yet being quoted.
The scheme will provide 35,000 m2 of offices in two buildings when it completes later this year. The asset is located in northern Madrid, close to Mardrid-Barajas Airport.
Also in this week’s EuroProperty, research by Knight Frank predicts the value of the UK housing market will rise nearly €67 bn by 2025. Elsewhere in the issue, Hong Kong capital returns to London and Uk retail problems mount.