SEB Asset Management has acquired an office building in a sale-and-leaseback transaction from Caja Madrid for EUR 108 mln. Caja Madrid, Spain's oldest savings bank, is renting the building back for 30 years. Housing the bank's IT centre, the six-storey building comprises total rental space of around 43,700 m[sup]2[/sup] and 537 parking spaces. It is part of a business park located 18 kilometres north west of Madrid that was developed in the mid-1990s.
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