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real-estate-transactions Market News: Spanish Real Estate Intelligence

Aberdeen Buys Torre Auditori from Iberdrola for €98M

14 June 2019 - Expansión

The real estate division of Iberdrola has sold the Torre Auditori office building located in the BcnFira District of Barcelona to the fund Aberdeen Balanced European Property Fund for €98 million.

The property has a surface area of 22,899 m2, distributed over 10 floors, and more than 300 parking spaces. It was constructed in 2013 and is currently home to more than twenty tenants.

This operation represents Aberdeen Balanced European Property Fund’s first in Spain. The fund, which is managed by Aberdeen Standard Investments, now has more than €1 billion under management and is seeking to diversify its portfolio by asset type and geography.

Original story: Expansión (by Rocío Ruiz)

Translation/Summary: Carmel Drake

 
Mercadona Buys Another 136,000 m2 of Land in Parc Sagunt for €16.6M

13 June 2019 - Valencia Plaza

Mercadona is continuing to buy up land in Parc Sagunt (Valencia). The supermarket company has formalised the purchase of 6 more plots of land spanning 136,000 m2 on the industrial and logistics park for €16.6 million.

The aim of this purchase is to expand the logistics facilities that the company led by Juan Roig is currently building on the largest plot in the complex, which spans more than 350,000 m2.

The latest plots to be acquired are located next to the other plots that the supermarket giant purchased in 2017 and will house auxiliary services.

Original story: Valencia Plaza (by Xavi Moret)

Translation/Summary: Carmel Drake

 
ING Sells its HQ in Las Rozas (Madrid) to Barings

13 June 2019 - Eje Prime

ING has sold its office building located on Calle Severo Ochoa, 2 in Las Rozas (Madrid) to the US fund Baring Alternative Investments for an undisclosed sum.

The property spans a surface area of 12,700 m2, has 350 parking spaces and is located on the Las Rozas business park with direct access to the A6 and M50 motorways, and close to a suburban train station.

The building currently houses the Dutch bank’s headquarters in Spain.

Original story: Eje Prime

Translation/Summary: Carmel Drake