Transaction / Assets Seller Buyer € MM
Axiare Buys Office Building In Barcelona For €19.5M
3 May 2017 – Iberian Property
Axiare Patrimonio has acquired an office building in Sant Cugat del Vallès with a surface area of 17,648 m2 for €19.5 million. The transaction has been advised by Estrada & Partners, representing the buyer.
According to news from Spanish Real Estate, the property, which has been specially designed to operate as a corporate head office, is located on Avenida Can Fatjó del Aurons, in Sant Cugat de Vallès, a stone’s throw from the railcar stop at Can Sant Joan, making for easy access to/from Barcelona. Tenants of the calibre of Hewlett-Packard, TVE, Deutsche Bank, Banco Sabadell, Mapfre, Nespresso and Gas Natural all have offices in the area.
The building has a modern auditorium with capacity for 200 people and parking for more than 400 people.
With this transaction, the Socimi is beginning to invest some of the proceeds raised through its most recent capital expansion in one of its pipeline property projects announced at the presentation of its results in February.
Original story: Iberian Property (by Ana Tavares)
Edited by: Carmel Drake