UPDATE 1-Spain's Metrovacesa buys 170 mln euro Madrid plot

Newswire

(Adds details on deal) MADRID, June 28 (Reuters) - Spain's Metrovacesa said on Monday it had signed a 170-million-euro ($206 million) deal with Renault to buy a plot of land from the French car maker and rent part of the site back to it. Metrovacesa will develop the 92,000-square-metre site in Madrid into a business park and a Spanish headquarters for Renault, including a training centre. The real estate firm will let the buildings for at least 10 years, it said in a statement. ...

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