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BBVA Puts Torre Puig Building Up For Sale

6 October 2016 – Expansión

BBVA has put the building that houses the corporate headquarters of the perfume and fashion group Puig up for sale. The property is located in Plaza Europa in L’Hospitalet de Llobregat (Barcelona).

The family-backed Catalan multinational company, which leases this building, has the option to purchase it in the event that it is put up for sale, as has now happened, according to sources close to the operation.

Sources in the real estate sector calculate that the skyscraper could be sold for between €55 million and €65 million.

The operation, known as Project Torre, is being advised exclusively by the real estate consultancy Aguirre Newman.

The corporate building in Plaza Europa, which was opened two years ago, to coincide with the centenary of Puig, was taken over by BBVA as a result of its acquisition of CatalunyaBanc (CX).

Designed by the architect Rafael Moneo, the skyscraper is located in Barcelona’s new corporate and business centre and has a surface area of 14,288 sqm distributed over 21 floors. In addition, the building has three basement floors.

Puig’s corporate headquarters houses an auditorium, gym, meeting rooms, cafeteria and restaurant, amongst other spaces.

Torre Puig has a LEED Gold energy efficiency certificate, which is an international hallmark of excellence granted by the Green Building Council of the USA that recognises the environmental quality of buildings.

Original story: Expansión (by J.O. and S.S.)

Translation: Carmel Drake