International real estate advisor Savills has advised BBVA on a sale and leaseback to a family office investor.

The first floor office, located in prime Madrid at 35 Nuñez de Balboa, comprises 1,379 sq meters (14,843 sq ft) with two parking spaces.  The total investment volume was €5.4 million, reflecting a 6% yield.

Manuel Santos, director of national investments in Capital Markets department at Savills, says: " Sale and leaseback transactions remain popular in prime locations where the prospective tenant's credit and terms of the contract allows for a mutually beneficial deal for both parties."