Iberdrola

One of the largest operations in the Madrid office market over the past year

• The building, which has five floors and 6,000m² of gross leasable area, is located in the Fuencarral district.

IBERDROLA INMOBILIARIA and Grupo Zeta have signed an agreement to lease 4,087 m² of office space in the Orduña building in Madrid, in one of the largest operations to take place in the city’s office market in 2011 and early 2012.

Grupo Zeta will occupy four of the five floors of the building, located in the Fuencarral district of Madrid (Homónima street) which has a total gross leasable area of 6,000 m².

Thanks to this agreement signed with IBERDROLA INMOBILIARIA, overseen by the international consulting company, CB Richard Ellis, Grupo Zeta will exchange its traditional headquarters in O’Donnell street for a location that amply meets its current requirements.

Grupo Zeta is one of Spain’s leading communications groups, owner of seven major general interest newspapers, one sports newspaper, 15 national magazines, including Interviú and Tiempo, and over 40 corporate magazines.

IBERDROLA INMOBILIARIA offers a broad portfolio of products, ranging from first homes to holiday homes, office buildings, industrial units, shopping centres and hotels, as well as providing property consultancy and management services to third parties. The company currently owns rental property with more than 245,000m² of gross leasable area (GLA).