trending Market Intelligence /marketintelligence/en/news-insights/trending/4McmjgFa53rKZWhIJkJtFQ2 content esgSubNav
In This List

Report: Dalian Wanda agrees to sell Edificio Espana building in Madrid

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Report: Dalian Wanda agrees to sell Edificio Espana building in Madrid

agreed to sell the Edificio Espana building in Madrid toinvestment group Baraka, AFP reported, citing an anonymous source.

The sellingprice was not revealed but the source told the news agency that Spanish groupBaraka offered more than the €265 million price that Dalian Wanda paid toacquire the asset in 2014.

Thesale is expected to be finalized in September, the report said, citing Spanishnewspaper El Pais.

Thecompany planned to redevelop the 25-story asset to a hotel and retail center. However,after failing to land approval to demolish the building's facade, the companyhad been mulling asale of the property.