IBA Capital and Batipart acquire Amazon Spain headquarters for 300 million euros

IBA Capital Partners and Batipart, together with a consortium of investors, have closed the acquisition, approximately €300 million, of the Prado Urban Business Park office complex, located at Calle Ramírez de Prado 5, in Madrid. The property has been sold by Axa IM Alts.

The asset, located at Calle de Ramírez de Prado 5, houses Amazon’s corporate headquarters in Spain, as well as various offices of the Autonomous Region of Madrid and the Madrid City Council. The high-profile transaction underscores continued investor interest in prime real estate assets in the Spanish capital.

Uría Menéndez has advised IBA Capital Partners and Batipart. The multidisciplinary team was led by Diego Armero (partner, M&A-Real Estate, Madrid), and included Andrea Sandi (managing associate), Javier Toro (senior associate), and Virginia Porrúa (associate), all from the M&A-Real Estate team. The Banking and Finance aspects were handled by Luis Jiménez (partner) and José María Beneyto (associate), while the Tax team included Víctor Viana (partner) and Ángel Viñas (managing associate), all based in Madrid.

Pérez-Llorca has advised Batipart with a team formed by Alejandro Osma, corporate partner; José Azqueta, tax partner; Raquel Blanco, corporate counsel; Javier Villanueva, corporate associate; Marcos Mata, corporate associate; and María Gutiérrez, tax associate.