CBRE Global Investors acquires Madrid offices

CBRE Global Investors has acquired 1 Plaza Colon Madrid from owner-occupier Barclays Bank. The building offers 3,910 sqm of space and is located at the intersection of Paseo de la Castellana and Paseo de Recoletos. The cost of the deal was not disclosed. “This represents our third acquisition in Spain over the past 12 months bringing the total invested to over €200m. We have ambitious plans for this asset and significant dry powder for retail, office and logistics on behalf of our clients during 2017 across EMEA,” said John Mulqueen, head of transactions for EMEA at CBRE Global Investors.