Domo Activos sells the Madrid Metro Building for €17MM

Domo Activos sold the Metro de Madrid headquarters building for 17 million euros, following the decision of the General Shareholders’ Meeting to accept the offer presented by GRC last July.

The Company reached an agreement with the Global Realty Capital fund to sell under a private contract the building located at Calle Cavanilles 58 in Madrid, which currently houses the corporate headquarters of Metro de Madrid.

The property has a total built area of about 4,600 m2 above ground for offices, and 729 m2 below ground. The agreement allows for the current building to be expanded, which includes additional space for office, retail and parking use, which will add an additional 2,900 m2 to the building.

This asset was acquired by Domo Activos in the summer of 2019, after the Company’s third capital increase, which secured over 16 million euros. The holding was purchased for 14.1 million euros.