9/01/2015 – Expansion
Colonial has bought an office building, currently housing food company Gallina Blanca, for an amount of €10.4 million from Sareb, Spain’s bad bank.
Following the acquistion, the company controlled by Grupo Villar Mir has invested €370 million in properties since May last year, when its recapitalization concluded.
The deal includes a 4.869 square meter office area and 68 parking spaces. The building is situated in Plaza de Europa Square, Barcelona, inside an expanding business district. It is fully leased to Gallina Blanca.
Colonial views the transaction as an opportunity to add “a new, solvent and long-term tenant” to its client portfolio and “to enter a business area in consolidation phase”.
Original story: Expansión
Translation: AURA REE