ING has provided a seven-year term syndicated loan of EUR280 million to finance the acquisition of the Torre Espacio office building in Madrid.
In November 2015, the Filipino HNWI Dr Andrew L Tan acquired the company Torre Espacio Castellana SAU from Grupo Villar Mir SA.
ING acted as the Sole Bookrunner, MLA and Agent.
The Torre Espacio office building is a modern prime landmark class A building located in the Cuatro Torres Business Area in Northern CBD Madrid. The asset comprises 60,142 sq m GLA, 56 floors above ground and 1,173 parking spaces. Completed in 2008, it is considered one of the most emblematic office buildings in Madrid and one of the most modern buildings worldwide.