Drago joins the coworking fever in the San Fernando business park

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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The company has renewed with seven tenants and increases the occupation of the complex by 8% in the last months

Drago Capital joins the coworking fever by setting up roots in the business park San Fernando Business Park. The company has promoted a coworking project in the complex, occupied by companies such as DHL, Indra or Serunión.

According to company sources, the new coworking space seeks to align itself with the most innovative trends in collaborative spaces. Along with this space, the San Fernando de Henares complex (Madrid) has implemented its service offering through the formula of car sharing, charging points for electric vehicles or a fast vehicle repair workshop. The business park also completes the entrance to a fitness operator.

Drago points out that the complex has closed the continuity of seven key tenants to comply with its business plan in the business park. In particular, companies such as Allianz, Delphi Diesel Systems and Serunión have renewed their rental contracts in the first quarter.

These renovations are in addition to others that have recently continued their leases, such as DCI Dynamic Consulting, Karl Storz, Sedus Stoll or Entry North Point. The occupation of the complex already reaches 75%, after having increased by 8% in recent months.

In March, San Fernando Business Park signed the entry of a new tenant: the German logistics group DHL leased 1,500 square meters of offices. In February, Drago Capital closed two other rental contracts: 2,500 square meters with the Spanish technology Indra and 1,300 meters with the Japanese Mitsubishi Electric.

The business park of San Fernando de Henares was built in 1992 and expanded in 2009. It currently has more than 60 tenants located in the thirteen office buildings of the complex. Among the companies present in the park are Yves Rocher, Baxter, Coca Cola, Halcourier and Oxford University Press.

The complex has a gross leasable area of ​​86,000 square meters and is located in the strategic area of ​​the Corredor de Henares, the main logistics and industrial hub of the Spanish capital. Specifically, it is located at the intersection of the A-2 motorway, which connects Madrid and Barcelona, ​​and the M-50, one of the main ring roads around the city.

The San Fernando Business Park changed hands in June 2018, when Oaktree Credit sold it for 120 million euros three years after taking over it. Since last July, the park is managed by Drago.

Drago Capital is a management and real estate investment platform that operates in Spain and Portugal since 2001. The company has also been present in Miami since 2017. Since its foundation, the company has launched seventeen investment vehicles and has closed operations for a of more than 3,700 million euros with foreign and national investors.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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Acerca de Lucas Vargas:

  • Empezó en Grupo ZAP como el VP de Sales y en 2016 cuando la empresa tenía 60 empleados. Fue nombrado COO de VivaReal tomando el mando de Brian Requarth el Co-Fundador. VivaReal lanzó en Colombia y se trasladó a Brasil. En 2017 se hizo CEO del Grupo ZAP.
  • Ha trabajado en Mexico en PWC y en el Banco Santander
  • Tiene un Master de Business Administration de Harvard
  • En noviembre este año después de la fusión de OLX Brasil y Grupo ZAP fue nombrado el CEO del OLX Business Unit. Lidera la empresa junto con Andries Oudshoorn y Marcos Leite
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Simon Baker is the Founder and Executive Chairman of Online Marketplaces and Property Portal Watch. Involved with property portals for 15 years, he’s a well-recognized expert and industry consultant.
As former CEO/MD of the REA Group for 8 years, Simon led the group to its current market-leading position. When he joined REA Group in 2001, it had $4m in revenues, $6m in losses and an $8m market cap.
By 2008, the company presided over $155m in revenues, $35m in EBITDA and enjoyed a peak market cap of $1b. Simon is currently Chairman of the Mitula Group and Real Estate Investar and a serial portal founder and, investor.