• Value-added project in the center of Madrid.

• Value creation strategy through rent updates, CapEx actions, and subsequent sale of the asset.

• Institutional sponsor with extensive experience in these types of operations.

• Ticket: €1,220,000 // Term: 22-26 months

Due to the success in the first phase of the project, it has been agreed with the manager to increase Urbanitae's ticket by €1,220,000, up to €4,220,000.

We present a new investment project that consists of the acquisition of a fully independent office building located in the center of Madrid, on Mazarredo Street 7, in the Arganzuela district. The asset is currently leased and generating income, although with a rent well below the market. The strategy of the project consists of renegotiating or formalizing a new lease contract once the current contract ends in June 2027, stabilizing the asset with market rents and subsequently selling it to an institutional investor.

The capital contributed by Urbanitae investors and co-investors will mainly be used for the acquisition of the asset and to cover certain costs of the operation not financed by the banking entity.

The asset is located in the center of Madrid, a prime location, very close to the Royal Palace of Madrid and the Cathedral of Santa María la Real de la Almudena and right next to the old Google campus. It is a completely exempt building, built in 1930 and completely renovated in 2017. It has a built area of 3,967 m², divided into a basement floor, ground floor, and three upper floors. It has had a tertiary/office use license since 2000. It has very good public transport communication, with several metro stations nearby, such as Puerta del Ángel (line 6), Ópera (lines 2, 5 and R), or Príncipe Pío (lines 6, 10 and R). In addition, it has numerous bus stops less than 5 minutes walk away - lines 25, 31, 36, 41, 50, 62, 65, C1, C2 and NC2.