THREE global investors are locked in a bidding war for an office and shopping mall complex in Madrid’s business district.
California-based Pimco, New York-headquartered Perella Weinberg, and a third, unnamed firm are expected to offer up to €140 million for the Castellana 200 property, according to sources.
The property, which consists of two office buildings totaling 20,300 square meters (219,000 square feet) and a 6,200 square meter retail mall, was put up for sale by banks including Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and the Bankia Group.
Costa Blanca Floods Update
WATCH: Man risks his life saving car on steep incline as flash floods hit during Costa Blanca storms
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WATCH: Cars swept down 3m-high weir as rainfall exceeding 400mm hammers Costa Blanca village
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British family with toddlers 'trapped' for 12 hours as floodwaters rage in Spain's Costa Blanca
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Segura river breaks its banks in numerous locations as Costa Blanca is hit by flash floods
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Clariano river bursts its banks in Ontinyent after more than 400 l/m² of rainfall recorded
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Four people rescued from AP-7 tunnel in Pilar de la Horadada after it flooding in just 20 minutes
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WATCH: Water gushes through toilets and sinks at Costa Blanca hospital during gota fría storm
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