Yarrells Property has advised on the sale of a building in Calle Ombú, in the Méndez Álvaro district of central Madrid, one of the fastest growing office areas in the city.

The building with a protected brick facade, previously of industrial use, was owned by the company GESS and will be converted into a state-of-the-art office building designed by Norman Foster.

Cushman and Wakefield acted as principal sales agent in a process coordinated by Yarrells Property.

The property sold for a price in excess of 20M€.

December 2018