In an extremely challenging economic climate, including downward pressure on rents; low levels of investor demand and activity; and low finance possibilities, Colliers successfully positioned and sold an office asset on behalf of Pramerica in the decentralised office area of Las Rozas, Madrid.

Colliers successfully identified potential investors through a targeted sales strategy that included pre due diligence to maximise the disposal possibilities.

Due to market conditions and investment volume, active equity buyers were considered as well as European private banks and family office conduits.

Ultimately, an international private investor, via a private banking platform, made the purchase.