Pramerica Sells Titan 4 Office Tower in Madrid to Invesco

Pramerica Real Estate Investors sold an office tower in Madrid to German fund manager Invesco for about 40 million euros ($53.9 million), said Cushman & Wakefield Inc., the adviser on the transaction.

The Titan 4 tower, which has 10,300 square meters (111,000 square feet) of offices and 218 parking spaces, the broker said today in a statement.

To contact the reporter on this story: Sharon Smyth in Madrid at

To contact the editor responsible for this story: Andrew Blackman at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.