Madrid: Mapfre sells 10MW facility in Madrid

Feb 23, 2024 | Posted by Abdul-Rahman Oladimeji

Spanish insurance firm Mapfre has sold its data center in Madrid. The company received advise on the sale-leaseback deal of its 10MW facility in Alcalá de Henares from CBRE’s Spanish unit.

Paul Mortlock, senior director and head of European data center capital markets at CBRE, said, "CBRE's European data center capital markets team are really pleased to have represented Spanish insurance company Mapfre on the sale and partial leaseback of its turnkey data center facility in Alcalá de Henares in Madrid, at a time when we are seeing high levels of new tenant demand in the Madrid area. There was significant interest in this asset from a range of different operators.”

Elliot Zounon, director of data centers at CBRE Spain, added, "This operation becomes a milestone in the Spanish market and highlights the investor interest in the Data Center sector, which is at a time of great development and dynamism."