Meridia has announced the sale of Project Cronos, an office complex located in Madrid’s MadBit district.
Since its acquisition in 2019, the company executed a targeted value-add plan that transformed the property into a fully let asset primarily serving educational purposes. Upgrades included renovations to common areas, a new rooftop terrace, and complete fit-outs across several floors, strengthening the asset’s long-term positioning.
The transaction forms part of Meridia’s ongoing divestment strategy, with Meridia III nearing full exit and Meridia IV progressing through its disposal phase, while the company continues to invest through Meridia V.
Uría Menéndez and Savills España acted as advisors to Meridia on the transaction.
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