{"id":1004294399,"date":"2019-01-28T06:24:00","date_gmt":"2019-01-28T14:24:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004294399"},"modified":"2019-01-28T07:08:00","modified_gmt":"2019-01-28T15:08:00","slug":"starwood-buys-spain-office-assets-for-143m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/starwood-buys-spain-office-assets-for-143m\/","title":{"rendered":"Starwood Capital Buys Spain Office Assets for $143M"},"content":{"rendered":"
\"\"<\/a>

Madrid, Spain<\/p><\/div>\n

Affiliates of Starwood Capital Group have acquired two office properties in Madrid and Barcelona, Spain for $142.5 million from Autonomy Capital.<\/p>\n

The Omega office park, located in Madrid\u2019s A1 corridor, is a four-building campus with approximately 360,000 square feet of gross leasable area. In Barcelona\u2019s 22@ tech district, The Pallars office park is a fully leased Class A office property with roughly 136,000 of gross leasable area.<\/p>\n

Clifford Chance and CBRE represented Autonomy Capital in the deal, while DLA Piper negotiated the transaction on behalf of Starwood.<\/p>\n

\u201cWe are excited to add two high-quality assets to our Spanish office portfolio, allowing us to further increase our exposure to the exciting office markets of Barcelona and Madrid,\u201d<\/em> said Francesco Zanella, vice president at Starwood Capital Group, in prepared remarks. \u201cWe look forward to accelerating the portfolio\u2019s positive letting trajectory through Starwood\u2019s dynamic asset management approach.\u201d<\/em><\/p>\n

The European office market, led by Berlin, showed strong rental growth in 2018<\/a>, led by a robust economy and strong job growth.<\/p>\n

Image via Wikipedia Creative Commons<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The private investment firm acquired the Omega office park in Madrid and the Pallars office park in Barcelona, totaling roughly 500,000 square feet.<\/p>\n","protected":false},"author":745,"featured_media":1004294627,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,16,21783,21742,21747],"tags":[43871,32789,33026,34880],"class_list":["post-1004294399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-international","category-investment","category-latest","category-office","tag-autonomy-capital","tag-cbre","tag-dla-piper","tag-starwood-capital-group"],"acf":[],"yoast_head":"\nStarwood Capital Buys Spain Office Assets for $143M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/starwood-buys-spain-office-assets-for-143m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Starwood Capital Buys Spain Office Assets for $143M\" \/>\n<meta property=\"og:description\" content=\"The private investment firm acquired the Omega office park in Madrid and the Pallars office park in Barcelona, totaling roughly 500,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/starwood-buys-spain-office-assets-for-143m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-28T14:24:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-28T15:08:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1280px-Calle_de_Alcal\u00e1_Madrid_16-e1548685384776.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1139\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/starwood-buys-spain-office-assets-for-143m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/starwood-buys-spain-office-assets-for-143m\/\",\"name\":\"Starwood Capital Buys Spain Office Assets for $143M - 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