29 January 2016 – Misoficinas.es
The real estate consultancy firms Catella and CBRE have advised a family office and Anida Inmobiliaria BBVA on the purchase and sale (respectively) of an office building on Calle Alfahuir, 45 in Valencia. This modern asset is located in one of the most dynamic business areas in the city. It is currently leased to several prestigious clients, including Fujitsu and Sage, amongst others.
The building has a total surface area of 8,000 m2, with a gross leasable area of 5,305 m2 spread over nine floors. It is well connected to the city centre by public transport (metro and bus).
According to Belén Díaz, Director of the Capital Markets Department at Catella, “this transaction reflects the shortage of products with attractive returns in the office markets in Madrid and Barcelona, which means that investors are now looking for opportunities in other locations, such as in Valencia, Bilbao, Sevilla and Málaga”.
According to Víctor Gregori, Director of Agency & Business Development at CBRE Valencia: “The real estate market in Valencia experienced a very positive year in 2015 and all indications are that 2016 will continue along the same path, with operations such as this one, involving domestic and international investors seeking attractive returns”.
Original story: Misoficinas.es
Translation: Carmel Drake