Spanish property company Metrovacesa has sold a 57% stake in the Aresbank headquarters in Madrid to the Spanish family García Baquero for around EUR 36 mln, newspaper Cinco Dias reported on Tuesday. The property is located on the famous Paseo de la Castellana. Metrovacesa had bought the asset from Rodamco Europe in 2003 for EUR 35 mln. Aguirre Newman advised the seller.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
