Modesta Real Estate acts as advisor for an off-market deal in Madrid.
Modesta Real Estate facilitates the acquisition of a commercial development land of approximately 90.000 m2 in Madrid - Spain by Mountpark. Located east of Madrid, the undeveloped property is characterised by its proximity to the city and the excellent accessibility of public transportation as well as the nationwide road network.
In recent years, the Spanish commercial real estate market has experienced an enormous boom. The continuous demand is reflected in the steadily increasing annual take up.
"We are pleased that we were able to facilitate this off-market transaction for our client Mountpark. The commercial real estate market in Spain has shown excellent development and the forecasts for the future are also very positive," emphasizes Sebastian Scheufele, SIOR and managing partner of Modesta Real Estate.