ING RE Finance leads €280m syndicated loan for Torre Espacio

12 February 2016

ING provided a 7 year term syndicated loan of €280m to finance the acquisition of the Torre Espacio office building in Madrid. In November 2015, it was acquired by the Phillipine Dr. Andrew L. Tan when he purchased the company Torre Espacio Castellana S.A.U. from Grupo Villar Mir S.A. ING acted as the sole bookrunner and agent. The 56 floor Torre Espacio tower was completed in 2008 and offers 60,142 sqm GLA.

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