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Goldman Sachs Puts Agbar’s Home in Barcelona Up For Sale

12 November 2018 – Eje Prime

Goldman Sachs wants to take advantage of the high level of demand in the office market in Barcelona. The US bank has put the headquarters of Sociedad General de Aguas de Barcelona (the General Water Company of Barcelona or Agbar) up for sale. The property is known as Distrito 38 and is worth around €100 million.

The asset, located on Paseo de la Zona Franca, is going up for sale in the office market just three years after Goldman Sachs acquired it. The bank purchased the building in 2015 from Bankia, as part of a larger portfolio, for which it paid €355 million, according to Cinco Días.

In light of the great demand in the office segment, which recorded total investment to September of €1.117 billion, according to data from Cushman & Wakefield, the financial company plans to close the operation before the end of the year.

Original story: Eje Prime 

Translation: Carmel Drake