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 ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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