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offices Market News: Spanish Real Estate Intelligence

Iberdrola Puts Torre Auditori in Barcelona Up for Sale

19 March 2019 - Idealista

Iberdrola has put Torre Auditori, which forms part of the BCN Fira District business park in Barcelona, up for sale. The property comprises 21 storeys and spans a surface area of 22,899 m2, generating annual rental income of more than €4.3 million. The current occupancy rate of the property is 98% and its tenants include Cepsa, Ferrovial, Marmedesa, Asus and Iberdrola itself.

The building forms part of the business park that the company is constructing on Paseo de la Zona Franca, which currently comprises Torre Auditori and Torre Marina (which is leased to the pharmaceutical firm Esteve). Iberdrola is building two more properties, which will be handed over during the first quarter of 2021.

Original story: Idealista 

Translation: Carmel Drake

 
OneCoWork Invests €5.5M to Open 3,700m2 Coworking in Barcelona

18 March 2019 - Eje Prime

OneCoWork is going to invest €5.5 million to open its third shared office space in Barcelona in 2020. The company, founded in 2016 and led by Benjamin Nachoom, will open its new centre on the corner of Via Laietana and Avenida de la Catedral, in a building owned by the insurance company Zurich.

The office will span 3,750 m2 and will be opened on a gradual basis, with 1,800 m2 due to be inaugurated in April 2019, 600 m2 during H2 2019 and the remainder in 2020.

The group plans to have 40 coworking offices across Europe by 2022, including one in Madrid and another in Valencia, Bilbao or Málaga.

Original story: Eje Prime (by Marta Casado Pla)

Translation/Summary: Carmel Drake

 
The Government Puts the Eurocis Complex in Central Madrid up for Sale for c. €196M

16 March 2019 - Crónica Global

The Spanish Government has authorised the sale by public auction of a set of offices, storerooms and garages in central Madrid, known as the Eurocis complex. The complex, which comprises 94 registered assets spanning an office surface area of 45,937 m2, plus 396 parking spaces, 1 commercial premise and seven underground storerooms, is located in the Salamanca district in the block bordered by Calles María de Molina, Núñez de Balboa, General Oraá and Castelló.

The asking price is €196 million and candidates have two months to submit their offers in closed envelopes. Until last year, the complex used to house several departments of the Ministry of Finance, but its urban planning classification means that it could be used for private purposes in the future. The future buyer is expected to completely renovate the building and convert it into modern offices or a large shopping centre.

Original story: Crónica Global 

Translation/Summary: Carmel Drake