[Anonymous]

The British fund Meyer Bergman have bought Calle Serrano 60 in Madrid from Caixa Bank for an undisclosed sum. Calle Serrano is the most upmarket shopping street in Madrid, sort of like Bond Street in London. The Spanish press say it was the jewel in the crown for Caixa Bank.

You have to assume Meyer Bergman know what they are doing. They are a serious fund. Presumably they think now is a good time to buy real estate assets in Spain.

I couldn’t resist this opportunity to talk up the market. 😉 Now I’ve said that I guess house sales are going to exploded all over Spain 😆

[DBMarcos99]

I wondered why Caixabank shares had risen nearly 6% yesterday, on a day when most others were falling or stagnating… 😕
Ok, so it’s in the Salamanca golden zone, but it’d be very interesting to understand the rationale behind this purchase. Maybe a good place to convert the building into a hotel?

[Anonymous]

That is a Gilt edged area of Madrid and it is a commercial property and as Marco says it is in Bario Salamanca, the knightsbride of Madrid,

[Chopera]

@DBMarcos99 wrote:

I wondered why Caixabank shares had risen nearly 6% yesterday, on a day when most others were falling or stagnating… 😕
Ok, so it’s in the Salamanca golden zone, but it’d be very interesting to understand the rationale behind this purchase. Maybe a good place to convert the building into a hotel?

Starbucks maybe?

[Author]

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