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It was a complex mess for a decade, but this is about to become the biggest real estate deal in history

from Bisnow

It has been a torturous process and there may still be twists and turns to come, but a massive office complex in Madrid is on the verge of becoming the largest single real estate asset ever sold. Ciudad Santander is the 4.3 million-square-foot headquarters of Spanish bank Santander. It has been mired in bankruptcy and restructuring proceedings for almost a decade, but this summer it is expected to be sold for €2.7 billion to €2.8 billion. more

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