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28 May 2012

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Reyal Urbis creditors re-start Madrid project

Spain's Banco Sabadell, through real estate affiliate Solvia, is seeking tenants for the largest of Madrid's new office developments after developer Reyal Urbis ceded the complex in exchange for cancellation of E100m of of debt. Avenida de América 115, comprising five seven-storey towers with 50,683 sq.m. of office space, is due to complete in 3Q11.

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