Investment Opportunity - Madrid

Introduction to the investment opportunity is conducted by Savills, who have been appointed exclusively for the sales process.

Address: Claudio Coello 124
Characteristics of the Location:
- Positioned in Madrid's most prime and sought-after location for exclusive tenants targeting their main offices.
- Provides outstanding views of Madrid’s skyline and the Gardens of the Lázaro Galdiano Museum.
- Offers unique tenant experience with three terraces and an English inner garden emphasizing luminosity and well-being.
- The building consists of 9 floors above ground and 1 basement level, with a total of 427 sqm of terraces across six different levels.

The building is an income-producing asset, secured by a recently signed lease contract in Q1 2024.
- Initial mandatory term of 4 years, with additional options for 2-year extensions for up to 4 additional years.
- Net Operating Income (NOI): €1.76 million.
- Tenant profile is exceptional, with strong credit credentials and outstanding financial performance, which is supported by sustainable growth and consolidated market share.
- The building is fully refurbished to the highest quality standards and has achieved LEED Gold certification.

Claudio Coello 124 is set apart by a diverse range of services available in the immediate vicinity, known for both variety and quality.

The area boasts superb connectivity with transportation links, enabling easy access to different parts of the city.
- Metro Lines: 7 & 8 (7-10 min), 5 (7-10 min), 9 (10-12 min), Rayo (10-12 min).

The occupier market reflects the dynamics of the prime Central Business District (CBD) with upward trends in rental rates driven by increased demand and low vacancy rates in prime areas.

Average rents are showing a consistent upward trend:
- Prime CBD Grade A Rent: €37/sqm/month (2023)
- Rental comparisons show LEED certified buildings commanding higher rates, e.g.,
- LEED Platinum: €40/sqm/month
- Grade A: €39/sqm/month for 2022-2023.

Data illustrates a progressive increase in average capital value, particularly in prime areas due to rising rents of grade A and CBD assets, indicating a healthy investment atmosphere.

Key Sales Data:
- CAP rates and predicted market movements reflect a robust environment for future investments, alongside a clear upward trajectory in average price per square meter in prime zones.

Total GLA: 4,295.82 sqm of Grade A office space, with 16 parking units in the basement.
Building features:
- Floors: 9 above ground
- Terraces: 6 (totaling 427 sqm)
- High-Quality Design: Promotes natural light with an open space layout, maintaining optimal tenant experience and comfort (includes an inner garden).

Sustainability: The building integrates various sustainability measures including:
- DALI control lighting system for energy efficiency
- Building Management System (BMS) for optimal facility management
- Hybrid VRF system promoting energy-saving methods
- Aerothermal technology for hot water generation

Adyen is an investment-grade tenant with a global footprint and market leadership in financing technology.
Key Figures:
- Year Established: 2006 in Amsterdam
- Operations: Multiple offices across 4 continents
- Market Capitalization: Listed on EuroNext
- Employee Diversity: Staff from 115 nationalities

Total Office GLA: 4,295.82 sqm
Lease Duration: 8 years with initial terms comprising a 4-year agreement and 2 additional 2-year options.
Rent: €33.5/sqm/month (office) and €160/unit/month (parking)
Service Charges & Taxes: €3.72/sqm/month
Break Options:
- Year 4 Break – 4 months’ reimbursable
- Year 6 Break – 2 months’ reimbursable

The document provided is confidential, intended solely for evaluations related to the property. Unauthorized reproduction or distribution is prohibited.