Real estate fund Trajano buys a business park in Madrid

Trajano Iberia, the real estate fund managed by a division of Deutsche Bank, has acquired the “Isla de Manoteras Business Park” in Madrid for 44.3 million euros.

Located on Avenida de Manoteras 48, the asset has a leasable area of ​​13,442 m2 and 274 parking spaces.

The property is located north of Madrid, in the business area  between Manoteras , Las Tablas and Sanchinarro.

The business park is occupied by 95%.

The transaction is a part of the company strategy to invest in Madrid and Barcelona in the semi-prime office locations.

Following this latest acquisition, the total investment of Trajano amounts to 140 million euros, representing about 75% of its current investment capacity.

The company will continue to invest in office buildings in locations semi-prime of Madrid and Barcelona and prime in secondary cities, in shopping centers or retail parks where those assets have a leadership position, and logistics assets, mainly in the Madrid – Barcelona axis as well as Valencia – the Basque Country.

Source: Expansión