PRIMEWORK has closed the purchase with the Government of the United Arab Emirates of a building that previously housed the headquarters of the Embassy of the Emirates in Spain.

The transaction represents an important step in PRIMEWORK's strategy to consolidate its position in the prime asset segment of the Madrid office market.

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Asset characteristics

The property stands out for its institutional nature and its location in one of the areas with the highest demand and projection of the Madrid office market. Its main attributes include:

• High potential as a prime office building.
• Ability to attract top-tier companies.
• High-quality representative spaces.
• Strategic location in prime area.

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Business strategy

This acquisition reinforces PRIMEWORK's strategy, focused on the incorporation of unique assets with an equity vocation, coming from institutional owners, both national and international. The company's fundamental pillars continue to be the acquisition of buildings with high potential for revaluation and the provision of workspaces that combine the highest quality with a premium location.

With this transaction, PRIMEWORK consolidates its position in the boutique office market and reaffirms its commitment to sustained growth in the sector.

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