Repsol installs its new subsidiary of light and gas in the former headquarters of Aguirre Newman | Companies

Repsol installs its new subsidiary of light and gas in the former headquarters of Aguirre Newman | Companies

The old headquarters of Aguirre Newman, empty from the summer by the exit of the consultant, has a new tenant. Repsol has decided to take it to the historic building, which was a Tabacalera factory in the Méndez Álvaro neighborhood of Madrid, to employees of their new business from the assets purchased from Viesgo.

The consultant Aguirre Newman, after being acquired by the British firm Savills, moved at the end of June to the old BBVA tower, in Castellana 81. It left its historic headquarters in the street of General Lacy, 23. That building was rehabilitated more than two decades ago to convert the former tobacco factory, of the late nineteenth century, into the house of the real estate consultant. Currently, it is under renovation to host this Repsol business. This building is 850 meters from the headquarters of the oil company on Calle de Méndez Álvaro.

The owner of that property, the company Royal Metropolitan, has found in Repsol as a tenant an exit for the property. The oil company already occupied a small part of that building, which hosted the training work. It will take employees from the electricity and gas business acquired from Viesgo there last November, according to Repsol sources. Specifically, it is about 400 employees who currently work at Torre Picasso.

Repsol formalized a month ago the purchase of Viesgo's assets with its owners, the Macquarie and Wren House funds, for just under 750 million euros. The company chaired by Antonio Brufau was thus done with a portfolio of 750,000 free market customers and a generation capacity of 2,350 MW (several small hydroelectric plants and two gas combined cycle plants). The new energy company, which gives the listed company entry into these markets, operates under the name of Repsol Electricidad y Gas.

Repsol appointed non-executive president of this subsidiary to María Victoria Zingoni, current general manager of downstream (refining, chemistry, marketing, trading gas & power and LPG), charge that will continue to maintain. The position of Chief Executive Officer is held by another man of the house, Francisco Vázquez, until now executive director of refining, a role he abandons to deal with the executive duties of Repsol Electricidad y Gas.


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