Sienna Real Estate advises Amundi Asset Management on the acquisition of an iconic newly constructed office building in Madbit district, Madrid

Sienna Real Estate advises Amundi Asset Management on the acquisition of A546, a new multi-tenant office building in the Madbit office market, Madrid. The property of c. 20,000 sqm is a development by Therus and BNP Paribas to be the new HQ of L’Oréal in Iberian Peninsula. This transaction forms the second acquisition by Amundi in Madrid, after their acquisition of the Portico building in 2018 from Union Investment.

A546 is strategically situated on the longest road in Europe of Alcalá, benefitting from great communication links with the metro at the door of the asset, the A-2 highway adjacent and two major parks in the surroundings. The submarket is a transformative district that has acquired a lot of demand in past years from various multinational companies, especially technology firms, due to its offer of stock and great communication in and out of the city.