Bank Seeks Tenants to Fill Five Towers

MADRID-Banco Sabadell took over the 600,000-square-foot new Avenida de America office complex after developer Reyal Urbis ceded the complex to cancel its debt.

By Allan Saunderson | February 15, 2011 at 12:57 PM

MADRID-Spain's Banco Sabadell, through real estate affiliate Solvia, is seeking tenants for the largest of Madrid's new office projects after developer Reyal Urbis ceded the complex to the bank in 2010 in exchange for cancellation of $133 million of Sabadell debt.

The development, at Avenida de Am

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