Zambal Spain Socimi, S.A. (BME:YZBL) entered in an agreement to acquire the building on Avenida de San Luis 77 in Madrid from Gas Natural SDG, S.A. (BME:GAS) for €120 million on November 24, 2016. The deal is subject to satisfaction of customary conditions. The transaction is expected to close in the coming days. CBRE and Cushman & Wakefield acted as real estate advisor to Gas Natural SDG, S.A.. Diego Armero, Antonio Gómez, Javier Colino & Raquel Yannone of Uría Menéndez Abogados, S.L.P. acted as legal advisor to IBA Capital & ZAMBAL SOCIMI

Zambal Spain Socimi, S.A. (BME:YZBL) completed the acquisition of the building on Avenida de San Luis 77 in Madrid from Gas Natural SDG, S.A. (BME:GAS) on December 2, 2016. Zambal has formalized a loan with Altaya, its majority shareholder, for €114 million to partially fund the acquisition of the building.