Carlyle Completes The New Headquarters for the Spanish National Registrars Association in Madrid

Madrid - Global private equity firm The Carlyle Group (“Carlyle”) announces the completion of the new headquarters for the National Registrars Association of Spain on a site at Alcalá 540 in Madrid, which it acquired in joint venture with Therus Invest in June 2006.

Shortly after the acquisition, Carlyle and Therus Invest signed an agreement with the Spanish National Registrars Association (Colegio de Registradores) for the development of a 30,000 m2 building on a turn-key basis, to accommodate the new headquarters of the association in Madrid. During the process, all parties worked together to adapt the new offices to the needs of the future owners.

Rachel Lupiani, Director of Carlyle Europe Real Estate in Spain and Portugal, explains: “We are very proud of the new headquarters of the Colegio de Registradores. In addition to having developed a unique building adapted to the needs of our client, we are marking a milestone for our real estate activity in Spain by selling the first asset from our local portfolio.”
Javier de Pablo, Associate Director for Carlyle Europe Real Estate and responsible for asset management in Spain and Portugal, has been in charge of the supervision of the project while Therus Invest took care of the development management.

The new headquarters of the National Registrars Association has approximately 30,000 m2 of office space and over 500 parking spaces. Work spaces are located in two parallel buildings joined by a central one. Each building has five floors articulated with vertical communication cores. The complex overlooks a plaza with gardens and high quality open spaces.

The new building was designed by Mark Fenwick, Director at RFA Architecture, a leading Spanish architectural firm having developed several office projects in Madrid (such as Mercedes Business Park and Serrano 73), and new football stadiums of RCD Español in Barcelona and Valencia CF.

Carlyle Europe Real Estate has an office in Madrid and closed its first acquisition in 2005. Since then, the firm has invested in several deals, including the purchase of the headquarters of Telefonica in Barcelona, the Estel building.

# # #