IBERDROLA Inmobiliaria and the public corporation Tragsa have signed a contract to lease an office building with a surface area of over 4,300 square metres on calle Alcalá in Madrid, in one of the largest transactions in the capital's office leasing market this year.
The property, known as Edificio 1 (Building 1), is part of the Alcalá 365 Business Centre, where IBERDROLA's real estate subsidiary has its corporate headquarters - in Building 3. The 4,322 square metres under lease are distributed on five floors: a multi-purpose ground floor and four office floors.
The current term for the agreement recently signed by IBERDROLA Inmobiliaria, advised by the international consultancy firm CB Richard Ellis, and the Tragsa Group is five years, although both parties have committed to extending this term.
The aforementioned Alcalá 265 Business Centre has four office buildings, which make up a total of about 14,000 square metres and 270 car park spaces. With direct access to the M-30 and metro stations and bus-stops on the doorstep, the building occupies a full block, creating an open courtyard inside that enables pedestrian access to the various properties.
The Tragsa Group is a public corporation that promotes sustainable development in the rural and marine environments, by undertaking projects to protect nature and improve people's quality of life. The experience accumulated in over 30 years of work has positioned Tragsa as a benchmark as regards nature conservation initiatives, rural development and the provision of emergency services.
About IBERDROLA Inmobiliaria
IBERDROLA Inmobiliaria offers a broad portfolio of products, ranging from primary residences to holiday homes, office buildings, industrial warehouses and shopping centres. The company currently owns rental property with a gross leasable area (GLA) of over 245,000 m2.
This release does not constitute an offer to sell securities in the US or in any other jurisdiction. The shares of Iberdrola, S.A. may not be offered or sold in the United States of America except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exemption from registration.