TECHPARK – CALLE SEVERO OCHOA – MALAGA
Location 
Geographic location
Malaga is the capital of the Costa del Sol on the Mediterranean coast. It is located 53 km from Nerja to the east and 58 km from Marbella to the west. Its airport is the 3rd most important in Spain and is only 8 km from the city centre.
Multi-let office complex of approximately 12,000 m² located in the Malaga TechPark. The business park was created 30 years ago with over 400,000 m² of office space, over 600 companies and 20,000 employees. It is located 15 km from the city centre of Malaga and has already been dubbed the “Silicon Valley of Southern Europe.
About
Details
- Multi-let office complex of approximately 12,000 m².
- First acquisition in Spain in Q4 2019.
- Successful negotiations with anchor tenants throughout the COVID crisis in 2020, ensuring their long-term presence on site.
- Environmental approach with LEED Gold certification in 2021 and installation of solar panels.
- Ambitious project to address the soul and identity of the complex with the rebranding, redevelopment of the lobbies and a total redesign of the exterior spaces (landscaping).
- The asset was sold in the second quarter of 2021 3.5 years ahead of the original plan and exceeding the expected return.
Disclaimer
Inovalis is a portfolio management company approved by the Autorité des Marchés Financiers (www.amf-france.org) under number GP-100009 for the management of OPPCI and real estate investment advice. The OPPCI managed by Inovalis are reserved for professional investors and are not actively marketed. The information contained on this site is intended solely for documentary purposes on the activities of Inovalis S.A. and its group companies; it does not refer to the OPPCI funds managed or to investment in these funds and does not constitute an offer to subscribe, investment advice, recommendations for transactions in financial instruments or advertising aimed at investors, regardless of their category of membership. The information contained on this website should not be considered as authoritative or as a substitute for personal judgement. For any financial product, high potential returns come with high risk. Past performance is no guarantee of future performance and there is a risk, if any, of losing the amount originally invested. For more information, please consult the legal and regulatory notices.
