Cushman & Wakefield exclusively advised New Winds Group on this off-market transaction.
The acquisition is part of New Winds Group’s current expansion phase, with a national portfolio known for its breadth and diversification. Although primarily focused on office assets, the group also owns hotels, parking facilities, and shopping centers. Its current strategy involves identifying investment opportunities with a defensive profile across various market sectors.
In addition, the group is highly active in the sectors of Renewable Energy, Infrastructure, Private Equity, Capital Markets, Leisure, and Hospitality.
The building is part of La Marina Business Park, one of the most established business hubs in San Sebastián de los Reyes. It comprises 11 buildings, mostly owned by REITs or private investors. This business environment is currently coexisting with an unprecedented urban transformation in the municipality of San Sebastián de los Reyes, which is repurposing large spaces into innovative housing solutions, particularly through flexible living formats adapted to new lifestyles.
New Winds Group, a company owned by the Reyzábal family (Marqués Saralegui branch), has acquired an office building from Principal Asset Management located at Avenida Isla Graciosa 7, in San Sebastián de los Reyes (Madrid).
The asset has a gross leasable area (GLA) of 11,340 m² and a total built area of 18,366 m², distributed across five floors. It also includes 205 parking spaces. Currently, 90% of the building is occupied by top-tier tenants such as Telepizza, Lagardère, Procter & Gamble, and Lazarus.
“The office market continues to show signs of resilience, especially in defensive contexts where rental levels remain conservative. But what’s truly interesting is how the urban transformation taking place in areas like San Sebastián de los Reyes is driving the value of higher-quality office buildings. These assets are strategically positioning themselves to meet a demand for modern, well-connected spaces adapted to new ways of working, in an environment where alternatives are scarce” says Patricia Martín, Partner and Co-Head of Office Capital Markets in Madrid at Cushman & Wakefield.