22 July 2015 – Expansión
A fund managed by the Swiss group UBS has purchased the Cornerstone office complex, in the 22@ district of Barcelona, for €80 million. The asset was previously owned by the British fund Benson Elliot.
The building was developed by Benson Elliot and its construction was completed in 2013. A year and a half after opening, it has an occupancy rate of 70% and its tenants include ADP and Henkel. The transaction was advised by Cushman & Wakefield.
The office complex has a total surface area of 20,700 m2 and is located in the neighbourhood of Poblenou in Barcelona, known as the 22@ district, one of the new business areas in the city.
Original story: Expansión (by Marisa Anglés)
Translation: Carmel Drake