Portuguese asset manager Square AM acquires Madrid office park housing Carrefour and Samsung headquarters for €104 million
Executive summary: Square AM, via its CA Património Crescente and Property Core Real Estate Fund funds, acquired the Omega office park in Alcobendas, Madrid from Starwood for €104 million; the complex consists of five office buildings housing the Carrefour and Samsung headquarters. The transaction injects €104 million into Square AM’s assets under management, signals sustained demand for premium Madrid office assets, and may affect local leasing activity and valuations for similar corporate campuses.
Who is involved: Square Asset Management (Portugal), its vehicles CA Património Crescente and Property Core Real Estate Fund; seller Starwood Capital Group; tenants Carrefour and Samsung (headquarters occupants); location Alcobendas, Madrid.
Likely next: Square AM may pursue lease‑up or refinancing of the asset, market participants will watch for any subsequent valuation updates or tenant renewal negotiations, and the seller may redeploy the proceeds into other investments.
Square Asset Management, through its CA Património Crescente and Property Core Real Estate Fund vehicles, bought the Omega office complex from Starwood for €104 million. The property comprises five office buildings in Alcobendas, Madrid that currently serve as the headquarters for Carrefour and Samsung. The deal adds a notable asset to Square AM’s Iberian real‑estate portfolio and reflects continued investor interest in prime Madrid office space.
Timeline
- — La gestora lusa Square AM compra la sede de Carrefour y Samsung (Expansión)
Analysis — what this means
Sectors affected
- Madrid office market
- Corporate headquarters leasing
Key entities
Sources
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