Colonial negocia vender la sede de Iberia en Madrid

Colonial SFL is negotiating the sale of the MV49 Business Park, which currently houses Iberia's headquarters in Madrid, for approximately €100 million. The Madrid-based firm is exclusively seeking to sell this asset located at number 49 of Martínez Villergas street, at the confluence of the M-30 with Avenida América. According to market sources, the company has received an offer for the asset worth around €100 million and is engaged in advanced discussions to finalize the sale.

A Colonial spokesperson declined to comment when asked about the matter. This complex, which is leased to various tenants, comprises two buildings with a total area of 24,135 square meters: one comprises 13 floors and 15,935 square meters of space, while the other, with six levels, adds an additional 8,200 square meters. Specifically, the 13-floor building is leased to Iberia, whose headquarters have been located there since 2013 after the company moved its corporate, financial, and human resources departments from Velázquez 130.

Iberia's future plans include relocating its main offices to Ciudad Iberia in La Muñoza, a complex that will house the company's corporate headquarters, maintenance workshops, training spaces, and technological development area near Madrid Airport. Colonial has owned this asset for two decades, purchasing it from TMW Pramerica in 2006 for €103 million and subsequently rehabilitating it five years later.

The property features direct connections to Madrid-Barajas Airport and is situated in a consolidated business area. The recent acquisition of Henderson Park's Los Cubos building by Atrea Real Estate for €91 million is an example of the interest generated by this area among investors. Other recent transactions include the acquisition of the Mízar Tower by Mutualidad de los Arquitectos, Arquitectos Técnicos y Químicos (HNA) from Zurich for €36 million three years ago, and the purchase of two office buildings and a hotel in Arturo Soria by HIG.

The sale of MV49 Business Park would allow Colonial to advance its asset rotation strategy. In November, the company launched a €500 million divestiture plan and announced an additional €200 million in divestitures, aiming to complete the program by 2027. As of June, Colonial had secured €440 million in divested assets, representing 87% of the original 2025 program.

Asset rotation is one of the pillars of Colonial's growth plan, alongside a focus on prime office assets and capital recycling. As of June, Colonial's portfolio was valued at €12.1 billion, with a leverage ratio of 36.7% (debt to asset value) and €2.5 billion in liquidity. In its latest earnings presentation, Colonial President Juan José Brugera emphasized the company's focus on combining prime office sector assets with disciplined capital allocation to deliver sustainable long-term value to shareholders.