FCC restructures its real estate assets by divesting Torre Picasso and its Madrid and Barcelona headquarters

Cookie Settings
Type of Cookie	Purpose	Third party involved	Preference
Technical Cookies	These are cookies that allow the website to function correctly.	(Liferay/Dynatrace, Google). You can obtain more information about the third party cookies that are installed in the Cookies Policy and in the following links: Dynatrace (Liferay): https://www.dynatrace.com/support/help/how-to-use-dynatrace/data-privacy-and-security/data-privacy/cookies/ Google: https://policies.google.com/technologies/cookies?hl=en	Enabled
Preference or customization cookies	They allow the user to remember information so that the user can access the service with certain characteristics that can differentiate their experience from that of other users.	Google https://policies.google.com/technologies/cookies?hl=en	Disabled Enabled
Analysis or measurement cookies	They are those that allow us to quantify the number of users and therefore carry out the measurement and statistical analysis of the use made by users of our website.	More information about Google Analytics can be found at: https://developers.google.com/analytics/devguides/collection/analyticsjs/cookie-usage?hl=en	Disabled Enabled
Behavioral Advertising Cookies	These are cookies designed and used for the management, in the most efficient way possible, of the advertising spaces shown to the user, through the advertising service in response to their profile and interests.	Google uses cookies for advertising purposes, such as serving and rendering ads, personalizing ads (based on the user's ad settings at g.co/adsettings), limiting the number of times an ad is shown to a user, hide ads that the user has indicated they don't want to see again, and measure the effectiveness of the ads. Doubleclick: In the case of Google Ad Manager or Google Marketing Platform advertising products, third-party cookies used for advertising purposes may be associated with doubleclick. net or to country-specific Google domains, such as google.com. https://support.google.com/searchads/answer/2839090?hl=en	Disabled Enabled
More information about our Política de Cookies.
Enable all Save

29/12/2011

FCC restructures its real estate assets by divesting Torre Picasso and its Madrid and Barcelona headquarters

FCC is continuing with its policy of strengthening its financial structure through two real estate divestments and the move to a new headquarters. Pontegadea Inmobiliaria has acquired Torre Picasso for 400 million euro; in another transaction, FCC has sold its Balmes (Barcelona) and Federico Salmón (Madrid) buildings for 60 million euro. The process of restructuring the group's real estate will be completed with the construction of a new head office building in Las Tablas (Madrid).

Send Print

FCC restructures its real estate assets by divesting Torre Picasso and its Madrid and Barcelona headquarters

With these transactions, FCC is continuing the policy implemented in the last few years of strengthening its financial structure and reducing debt. FCC, the Citizen Services group, will use the proceeds from the divestments to reduce interest-bearing debt, and the transactions will release funds to continue financing core business activities: environmental services, infrastructure and renewable energy.
The pre-tax capital gain on these transactions is estimated to be 180 million euro. FCC was advised by BBVA in both transactions, and also by Aguirre Newman in the Torre Picasso sale.

The restructuring of FCC's real estate will be completed in November when it inaugurates its new headquarters in Las Tablas (Madrid). The new 14,000 square metre building will provide workspace for approximately 1,450 employees.
The site, on the outskirts of Madrid, has permission for approximately 21,000 square metres of building for tertiary uses, i.e. offices and shops. The building, which will be leased by FCC, will have seven stories above grade plus two underground car park levels. The ground floor will be devoted to shops and parking space. The building will have a total of 400 parking spaces. The top six floors will be devoted to offices.
The bulk of the 1,450 employees relocated to the Las Tablas building will be from the Construction and Services divisions.
The transfer is part of the Group's cost-saving policy, since most of the employees that will be relocated are currently working in leased office space in various Madrid locations.

DOCUMENTATION: PHOTOS AND VIDEO

DOWNLOAD PHOTOS OF TORRE PICASSO. MADRID.
Link to Media Room:
http://comunicacion.fcc.es/comunicacion/multimedia/index.html?mul=&cat=2?lang=EN

Other downloads:
http://dl.dropbox.com/u/54957393/FOTOS%20TORRE%20PICASSO.rar

DOWNLOAD PHOTOS OF THE CALLE FEDERICO SALMÓN, 13 (MADRID) BUILDING.
http://dl.dropbox.com/u/54957393/EDIFICIO%20FEDEERICO%20SALMON.JPG

DOWNLOAD PHOTOS OF THE CALLE BALMES, 36 (BARCELONA) BUILDING.
http://dl.dropbox.com/u/54957393/EDIFICIO%20BALMES.%2036.%20BARCELONA.rar

DOWNLOAD VIDEO OF TORRE PICASSO MADRID.
Link to Media Room:
http://comunicacion.fcc.es/comunicacion/multimedia/index.html?mul=2

Other downloads:
http://dl.dropbox.com/u/2084854/torrepicasso_2.mp4
http://dl.dropbox.com/u/2084854/torrepicasso_2.zip

TECHNICAL DATA ON TORRE PICASSO. MADRID.
http://www.per-gestora.com/esp/conoce_curiosidades.htm