Modesta Real Estate acts as advisor for an off-market deal in Madrid.

Modesta Real Estate facilitates the acquisition of a commercial development land of
approximately 90.000 m² in Madrid - Spain by Mountpark. Located east of Madrid, the undeveloped property is characterised by its proximity to the city and the excellent accessibility of public transportation as well as the nationwide road network.
In recent years, the Spanish commercial real estate market has experienced an enormous boom. The continuous demand is reflected in the steadily increasing annual take up.
"We are pleased that we were able to facilitate this off-market transaction for our client Mountpark. The commercial real estate market in Spain has shown excellent development and the forecasts for the future are also very positive," emphasizes Sebastian Scheufele, SIOR and managing partner of Modesta Real Estate.

About Modesta Real Estate
Modesta Real Estate was founded in Vienna in 2002. In addition to the Headquarters in Vienna, a subsidiary company was launched in Bratislava in 2005. Since its foundation year, Modesta Real Estate can look back at a successful company history. A significant share of this success is due to prestigious clients such as AMISOLA, BECHTLE, BFI, BOSCH, HONEYWELL, LOUIS VUITTON, MONDI AG, MOUNTPARK, PHILIPS, PROLOGIS, SIEMENS, SIGNA, USAA and WOLSELEY. In recent years, millions of sqm of office, industrial and logistics space as well as development sites have successfully been completed. Beside the domestic markets in Austria and Slovakia, Modesta Real Estate also assists in numerous transactions in the CEE markets and supports its international partners with corporate real estate advice.

http://www.modestagroup.com/