April 22, 2021

Santander sells to Acciona the old offices of Banesto on Mesena Street in Madrid | Companies

Santander sells to Acciona the old offices of Banesto on Mesena Street in Madrid | Companies



Banco Santander has sold Acciona the building complex that the entity has in Mesena street in Madrid, which once housed the headquarters of Banesto and until a year ago it was the headquarters of Santander Spain.

It is a set of seven buildings that add a surface of about 104,000 square meters and are located in a residential area to the north of the city.

With this operation, Santander continues with the divestment and reordering its portfolio of real estate assets, while trying to recover the ownership of the Financial City, located in Boadilla del Monte, and where it has its headquarters. For this, recently resorted to the courts
the award of this complex to the brothers Simon and David Reuben.

For its part, for Acciona it constitutes the first major acquisition that the company closes after reactivating its bet two years ago for the real estate sector before the recovery that this business experiences in Spain.

The plans of the group presided by José Manuel Entrecanales for these seven buildings go through to turn them into a modern complex of offices that, in line with the company's business strategy, are characterize for its environmental sustainability.

The current business of Acciona Inmobiliaria, once the past year he sold the share he had in the socimi of apartments for rent Testa Residencial, includes the promotion of housing and a specific heritage in differential rent, sustainable and that generates value.

ONE OF THE LARGEST TRANSACTIONS IN THE CAPITAL.

The sale of those that were 'headquarters' of Banesto is shaping up to be one of the largest real estate asset operations tertiaries closed in recent months in the capital by volume of its surface.

The Santander buildings on Mesena Street were in disuse since last year the entity decided to move the headquarters of Santander Spain, then located in this complex, to a newly built building Juan Ignacio Luca de Tena street 'inherited' from the Popular.

Santander sells this set of seven office buildings six years after the end of 2012 sold to the Villar Mir group complex that was also headquarters of Banesto, a set of historic buildings from the center of Madrid, in the vicinity of Puerta del Sol.

Currently, OHL, a construction company owned by Villar Mir, last with a partner the reconversion of this historical set in a commercial, hotel and luxury housing complex.

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