Axiare Patrimonio acquires the Capgemini headquarters for EUR 43.5 million

• Axiare completes the acquisition of the Cedro Building, headquarters of the consultancy firm Capgemini in Spain for EUR 43.5 million. The office building comprises a gross lettable area (GLA) of 17,032 sqm and 381 parking spaces.
• This sole-use office building is located in the Arroyo de la Vega office area in Madrid, a strategic area with excellent access to the A-1 motorway, the airport, Madrid’s CBD and its main ring roads.
• The Socimi, headed up by Luis López de Herrera-Oria, has also signed two new financing agreements with Banco Santander for EUR 34.2 million, bringing total financing received since its initial listing on the Stock Exchange to EUR 572 million.
• The Company’s total financing cost (including opening costs, yearly spread and interest coverage) stands at 2.16%.