PRIMEWORK has completed the acquisition of a building that previously housed the headquarters of the UAE Embassy in Spain. This transaction represents an important step in PRIMEWORK’s strategy to consolidate its position in the prime assets segment of Madrid’s office market.

Asset features

The property stands out for its institutional character and its location in one of the most in-demand and high-growth areas of Madrid’s office market. Its main attributes include:

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

Business strategy

This acquisition reinforces PRIMEWORK’s strategy, focused on incorporating unique, long-term investment assets sourced from institutional owners, both domestic and international. The company’s core pillars continue to be the acquisition of buildings with strong value appreciation potential and the offering of workspaces that combine the highest quality with premium locations. With this transaction, PRIMEWORK strengthens its position in the boutique office market and reaffirms its commitment to sustained growth in the sector.

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