Private investment firm Ardian has teamed up with real estate developer Lamar Development to acquire a prominent office building located in Spain for an undisclosed sum. The asset at Calle Alcalá 38-40, in Madrid, dates back to 1880 and features a total area of around 10,000sqm distributed across seven floors with a private courtyard garden on the ground floor and a rooftop terrace. The partnership intends to redevelop the property into a high-end energy-efficient residential complex. Lamar Development will manage the project.
Source: IPE Real Assets on 21 May 2026
https://realassets.ipe.com/news/ardian-and-lamar-development-acquire-madrid-office-for-residential-redevelopment/10136873.article