The Philippine group Emperador, owned by tycoon Andrew L. Tan, specialist in liqueurs and spirits, is the new owner of the Torre Espacio Madrid, after purchasing it to the Villar Mir Group for 558 million Euros.
Juan Manuel Villar Mir waited the whole year trying to sell its skyscraper intended to finance the construction of the fifth tower as major new building project of their companies, while the works of Operation Canalejas remain in the center of Madrid.
The Philippine giant has his eye on Spain after buying 50% of the Bodegas of Jerez Cups, specializing in the production of Brandy. With this new purchase, it includes to its portfolio one of the most exclusive and luxury buildings in the Spanish office market.
Torre Espacio is one of the four skyscrapers that crown Madrid northern Paseo de la Castellana, 230 meters high and 57 floors with a total leasable area of 60,142 m2 and 1,173 parking spaces where some of the embassies like Australia, the Netherlands and United Kingdom have their offices.
Source: El Idealista