Meridia III Advances its Divestment Programme with the Sale of an Office Building in Madrid
Meridia is pleased to announce the sale of an office building located at Julián Camarillo 4, one of Madrid’s most dynamic and fast-evolving office submarkets, which continues to attract growing demand from technology and innovation-driven occupiers. The transaction was completed for a total consideration of €17 million.
The asset comprises approximately 10,000 sqm and forms part of a broader business complex featuring communal areas, controlled access and private security. The property hosts a roster of high-quality tenants. Meridia executed a comprehensive repositioning plan, transforming the building into a modern, ESG-compliant workplace with BREEAM Very Good certification.
This transaction is aligned with Meridia III’s ongoing divestment programme and follows the recent sale of Barnasud, a retail centre in Gavà. With only two remaining assets, the vehicle is nearing the completion of its divestment phase. Meridia IV is also progressing through its own exit phase; while the firm continues to invest through Meridia V, its latest real estate value-add vehicle.
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