The real estate fund Excem and Merlin Properties, co-owners of the Goya 36 building in Madrid, have sold the building that WeWork will occupy at 36 Calle Goya. The Hatchwell family’s vehicle and the Ibex 35 SOCIMI transferred the asset for c. €52 million.
The buyer is the family office Yukon Capital, owned by the Catalan Rubiralta family. This saga controls the steel company Celsa and the medical device company Werfen. Yukon is controlled by Jordi Rubiralta Giralt, former president of Werfen.
The building, formerly the offices of Unión Fenosa, has a surface area of 4,500 m2. The owners carried out a refurbishment, which has been completed and is still unused. Goya is one of the most commercial axes of Madrid and is also of great interest in the office market.
The buyer was advised by RocaJunyent, with a team led by Barcelona office Real Estate partner Roger Pla Madrid.
Advice to the seller was provided by Javier Gómez Ocaña, chief general counsel at Excem Real Estate, who also advised the vehicle on all the initial acquisition and finance process in 2018, as well as on the refurbishment and lease to WeWork for the co-working activity.
