OFFICE BUILDINGS

Gmp has a diversified portfolio of office buildings and business parks, comprising both single tenant and multi-tenant properties.

The weight of the assets located inside the M-30 Madrid ring road is very significant, which accounts for 74% of the valuation. Most properties enjoy prime locations in Madrid’s Business Centre.

During the period 2014-2017, Gmp invested intensely in properties, which significantly increased the area of its portfolio dedicated to office buildings. At the end of financial year 2018, the value of new properties acquired in the period 2014-2017 accounted for 26% of the GAV and 33% of the total surface area.

At 31 December 2018 the Company had one asset under development: ARQBÓREA, an office building project located in Las Tablas. This asset under development accounts for 4% of the GLA and 1% of the GAV. By this date, the two large-scale renovations that Gmp started at the end of 2015, Castellana 81, one of its historical portfolio assets, and Castellana 77, acquired the same year, as well as the new development of the Oxxeo building in Las Tablas, had been completed.

  • Gross Leasable Area (GLA): 398,040 m2
  • Gross Leasable Area (GLA): 398,040 m2
  • Value GAV: 2,072€m