As part of the business plan for the restructuring of the real estate portfolio of Naturgy group, Yarrells has advised on the strategy and implementation for the sublease of one of the company’s main office complexes in Madrid.
Property Company Inmoglaciar, part of international fund manager Cerberus, through its SPV ICE MRN S.L. has entrusted to Yarrells Property the strategic advisory and repositioning of the ATO building in Marina Zona Franca, Barcelona.
The leading energy company, Naturgy has sold its share in the Mare Nostrum Tower, it’s Barcelona HQ building, occupied since 2006 to relocate to a new HQ in Diagonal 525. The company had a 45% stake and with 55% under ownership of Inmobiliaria Colonial.
Gas Natural Fenosa has sold it’s signature buildings in Madrid in a major sale and leaseback operation worth over 200M€. The portfolio comprised 4 buildings with a total office area of approximately 55,000m2 of offices and 1,700 parking spaces.
The building, of some 8,000m2, is located in the town centre, close to the Sagrada Familia Cathedral. It formerly housed the offices of major utilities company Gas Natural.