AEW has agreed the forward purchase of an office building being constructed at the Rio 55 business park development in Madrid for €43m (£37.6m).
The 150,000 sq ft building is being developed by Insur within the Paseo de la Virgen de Puerto development in Madrid and has been acquired on behalf of the AEW Europe Value Investors Fund.
Once complete, the asset will provide 13,993 sq ft of office space across seven floors along with retail space across five ground floor units and more than 200 parking spaces. It will have BREEAM Very Good certification using high quality and sustainable materials.
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