X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MADRID- Sdeuropa KG, the property fund set up by HVB of Germany to invest in southern European properties, has bought a complex of four office buildings in Ciudad de la Imagen from DTH Europea. The purchase price was Ptas 3.7 billion ($31.5 million) showing the purchaser an initial yield of 7.5%.

The complex comprises around 13,000 sf of offices and ancillary accommodation and 302 basement parking spaces. One of the four buildings is leased to Telefónica Multimedia while the other three are the headquarters of Vía Digital, one of Spain’s two digital satellite TV companies. Located to the west of Madrid city centre in Pozuelo de Alarcón, Ciudad de la Imagen is Madrid’s only business park specifically aimed at companies in the audio-visual sector.

King Sturge advised Hypo Vereinsbank.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.