Inovalis Real Estate completed the acquisition of two office buildings from Castellana Properties for $31m.

Inovalis Real Estate, a Canada based open-ended real estate investment trust, completed the acquisition of two office buildings from Castellana Properties, a listed corporation for investment in the real estate market, for $31m. The buildings, specifically located in Alcobendas (Madrid) and Bollullos de la Mitación (Seville), have a total gross leasable area of ​​21357 square meters. Castellana Properties owned 16744 square meters and 316 parking spaces. These offices, which have been part of the asset portfolio of Castellana Properties since the beginning of the company, have as their sole tenant the customer service company Konecta.