offices Market News: Spanish Real Estate Intelligence

The pharmaceutical company is going to remain a tenant of part of the building and the buyers are planning to renovate the entire asset to increase its appeal in a key area between the CBD and 22@.

21% of the assets in the office segment in Barcelona are of the highest quality compared to 14% in Madrid, according to the latest data from CBRE.

McCann's headquarters were acquired by Patrizia in January 2019. The asset shares a block with the Luxa buildings and is located opposite Parc Glòries, in one of the most sought-after areas of Barcelona's 22@ district.

Sofidy's new asset is located in Madbit, the new technological district of Madrid that is home to companies as iconic as IBM, Indra, Telefónica and Atos.

The exclusive office buildings called Talos and Arcis have a combined GLA of more than 8,300 m2.

The Socimi has improved its rental income by 12% during the 9 months to September 2022 thanks to a strong increase in rental prices in Paris.

The operation, advised by Colliers, has been carried out on behalf of a Korean bank and involves assets in Madrid and Barcelona.

The Socimi's performance improved across all its business segments to close September with office occupancy rates at pre-pandemic levels, one year ahead of schedule.

The Socimi has unveiled a campus in which it will invest 323 million euros to create 56,000 square metres of offices, 374 rental homes and 5,000 square metres of retail space.

In the Spanish capital, 22% more office space was leased in the third quarter, whilst good figures were reported in the Catalan capital, which is becoming less dependent on the 22@ district.