Artículo

Large a tpg in

(TPG) will put on sale again Gran Vía 18 building

Juan Peñaloza 06/04/2014

Torus Real Estate Network
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Investor Information

2017
CBRE Global Investors, in a joint venture with IBA Capital Partners, has acquired Gran Vía 18, an asset of 5,500 square meters located in the center of Madrid. The seller has been a fund managed by TPG Sixth Street Partners. The property consists of a basement and seven floors above ground, and will undergo extensive renovation to be completed by the end of 2018, with the aim of transforming it into a flagship of four plants and upper levels will be remodeled to provide modern offices and high quality. Upon completion, the property will obtain LEED Gold certification.

2016
(TPG) will again sell Gran Vía 18, the building that it acquired
almost three years ago in a public auction to the Community of
Madrid for 18.6 million euros. The North American fund waits to
receive this Wednesday green light to the administrative
procedure that will allow its reconversion of offices to a building
that will combine, according to the consulted sources, the
commercial and hotel uses.

The building in question today hosts different registration offices
of the regional government. However, unlike what has happened
with many other buildings located on the Gran Vía, the number 18
would not need a change of use, since, as advertised on the
Addmeet portal, the property also counted as uses compatible
hotel and commercial. Hence, from the administrative point of
view, it is not necessary to request a change of use

TPG was founded in a family office, which started and is
headquartered in Fort Worth and San Francisco. The company
now has more than $ 73 billion under management with investment and operational teams in 16 offices around the world.

TPG Sixth Street Partners ("TSSP")

TPG Sixth Street Partners ("TSSP") is the firm's dedicated credit and credit-related investment platform with approximately $20 billion in assets currently under management. TSSP has a long-term, patient, and highly flexible capital base, allowing us to invest across industries, geographies, capital structures, and asset classes. All of our investments exhibit common characteristics fundamental to our investment, risk management, and portfolio construction philosophy. We are primarily focused on private market transactions, but also have a substantial presence in the public markets. Our investments are typically complex to source, analyze, and execute.

TSSP is led by an energetic, collaborative core leadership team with a proven track record of successful partnerships, business building, theme development, sourcing, and investment and risk management. The TSSP leadership team is committed to a culture of cross-platform collaboration and fairness and a relentless pursuit of substance-based debates. Our name honors Sixth Street, a historic and dynamic center of Austin, TX, and an important place and building block for the culture of TSSP. It represents the energy, history, and diversity that define our firm.
Our businesses include:

TSSP Adjacent Opportunities Partners (TAO) is focused on opportunities generated across the TSSP platform. It is TSSP's most flexible capital base and can house any investment that fits into our investment philosophy.

TSSP Alternative Credit Partners (TACP) is TSSP's platform for investing across the capital structure in global secondary and public markets. TACP applies TSSP’s deep fundamental research approach, developed across market cycles, to stressed, distressed, and special situation debt and equity securities with an acute focus on downside protection and favorably skewed risk-reward profiles.

TSSP Energy Partners is TSSP’s global energy credit and credit-related investing platform. It seeks to provide differentiated, solutions-based capital to facilitate the execution of development and growth strategies within the energy sector.

TPG Opportunities Partners (TOP) is TSSP’s platform for pursuing actively managed global special situations and opportunistic credit investments in corporate- and real estate-backed investments. TOP seeks to purchase or originate special situations/distressed investments across credit cycles with compelling risk-reward characteristics.

TPG Specialty Lending, Inc. (NYSE: TSLX) is a specialty finance company focused on lending to U.S. middle-market companies. TSLX seeks to generate current income primarily through direct senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities. To learn more, visit tpgspecialtylending.com.

TPG Specialty Lending Europe (TSLE) is TSSP’s direct lending fund focused on middle-market companies primarily in Europe. To learn more, visit tpgspecialtylendingeurope.com.

TPG Institutional Credit Partners (TICP) is TSSP’s platform for investing in non-investment-grade corporate credit, including leveraged loans, structured financings, and high-yield bonds. TICP principally sources its investments in the public/syndicated capital markets, and manages portfolios—particularly in the form of collateralized loan obligations—for institutional investors.

TSSP Infrastructure Partners (TIP) is TSSP’s platform for pursuing infrastructure special situations. It seeks to purchase or originate high-quality, stable infrastructure assets in stressed, niche or structurally complex situations.

TSSP’s Core Platform is comprised of our “Pentagon” (our sourcing-as-a-business), fundraising, portfolio operations, business development, legal, compliance, accounting, and financial planning operations, as well as our strategy, tax, IT and other “non-investment” functions that work across disciplines to ensure robust risk management and investment support.