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

Renta Corporación Acquires the Campana Office Building in Barcelona for €22 Million

Renta Corporación Acquires the Campana Office Building in Barcelona for €22 Million
11 November 2019 – Renta Corporación has acquired the La Campana building, the headquarters of Barcelona’s General Traffic Directorate (DGT) and Commercial Registry for 22 million euros. The firm bought the asset from the Mas Ferrer, Toyos and Ferrero families. The office building is located on Gran Via de les Corts Catalanes in Sants-Montjuïc next to the Ciutat de la Justícia, the Plaça Europa and the BCN Fira complex. The 11-floor building has ​​more than 8,000 m2 of surface area. Original Story: Idealista - Custodio Pareja Adaptation/Translation: Richard D. K. Turner
 
Roebuck Acquires Logistics Platform in Zaragoza for €78 Million

Roebuck Acquires Logistics Platform in Zaragoza for €78 Million
8 November 2019 – The property management firm Roebuck has acquired a logistics facility in Zaragoza, previously owned by the Pikolin group, for 78 million euros. The latter firm, a Spanish mattress manufacturer, will continue leasing the site, in a sale and leaseback operation. The facility, located in the Plataforma Logística de Zaragoza, has a useful area of ​​92,723 m2 on a 225,000-m2 plot of land. The platform includes 11 production facilities (including a polyurethane foam factory), two storage warehouses, 2,500 m2 of workshops and 10,000m2 of offices. The facility is the largest and most modern in Europe for the production of mattresses. Original Story: Idealista - Custodio Pareja Adaptation/Translation: Richard D. K. Turner
 
Amenabar Wins Bidding for Ferrovial’s Land in Valdebebas

Amenabar Wins Bidding for Ferrovial’s Land in Valdebebas
8 November 2019 – Amenabar won the bidding for a plot of land put on sale by Ferrovial in Valdebebas, just in front of the Cercanías RENFE stop in Madrid. The firm won out over Vivenio and Acciona, offering 56 million euros for the developable land. Amenabar has thus consolidated its position as the largest developer in the region, where it will build a total of nine developments, with approximately 1,000 new homes. The sale fell in line within Ferrovial’s expectations, which had been around €2000/m2. The land measures a total of 27,200 m2, 22,700 m2 for residential development and 4,500 m2 for commerce, enough for roughly 230 new homes. Knight Frank provided Ferrovial with advice on the transaction. The region of Valdebebas has seen several major transactions in recent months. A few months ago, Acciona also paid about €2,000/m2 (63 million euros) for a 31,700-m2 plot of land from Celteo. The land, which is located nearby Amenabar’s new asset, has enough land for about 260 homes. Original Story: El Confidencial - Elena Sanz Adaptation/Translation: Richard D. K. Turner
 
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