Colliers has acted as an exclusive financial and real estate advisor to an international private investor on the purchase of the high-profile office building Alei Center I, for €23 million. The asset located in the Andalusian Technology Park in Málaga which is a part of the complex comprising two twin buildings, was constructed in 2008 and it has a buildable area of 13,500 sqm distributed in 5 office floors, 1 restaurant, 4 warehouses and 487 parking spaces.
Alei Centre is located in the main artery of the Andalusian Technology Park and it is currently 100% let to OP Plus, BBVA’s operational back office services company.
“We are very pleased to have been able to close a transaction that was particularly complex as it came from the insolvency situation, and in which we have advised our client during the whole process on the financial strategy of the transaction, Due Diligence and the subsequent management of the property” - Álvaro Alonso, Managing Director of Colliers International and responsible of the transaction, pointed out.
“This transaction shows that Málaga is being an attractive market for real estate investment due to its dynamism, potential and as the alternative of more mature markets and with more adjusted yields, as well as the Andalusian Technology Park as a reference of quality spaces and leading companies in their sector” Iñigo Molina, Director of Colliers Andalucía, concludes.
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About Colliers International Spain
In Spain, Colliers International is synonymous with real estate and hotel sector specialisation and knowledge.
It offers advice in: Corporate Finance; Capital Markets; Hotels; Residential Sales Advisory; Valuation & Consulting; and REMS & Technical Services. These services are provided with the client proximity of a local firm and the capabilities of a global leader, through a network that extends across 68 countries.
Our clients are national and international investment funds, REITs, financial institutions, large corporations, hotel operators and real estate development and investment companies that value our knowledge, experience, reliability and commitment.
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors.
For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment..