• Transaction / Assets
    Calle Pintor Sorolla, 1 (Valencia)
  • Seller
    BBVA
  • Buyer
    Fiatc Seguros
  • € MM

BBVA Sells Iconic Pintor Sorolla Building in Valencia to Fiatc Seguros

31 October 2018 – BBVA

BBVA has sold the building on Calle Pintor Sorolla 1 in Valencia, located in the heart of the city’s financial district, to Fiatc Seguros.

The historical building has a surface area of 10,250 m2, distributed over 12 floors and enjoys an unbeatable location and visibility, surrounded by three important streets in the capital.

BBVA will continue to occupy the first seven floors of this building under a lease arrangement, through a long-term lease contract.

On the first three floors, it is going to open its flagship office in the provincial capital, the new Customer Banking Centre, which will span more than 2,000 m2. This office model will have a more open and technological space, with more specialist managers.

On the next four floors, BBVA is going to house its Eastern Territorial and Regional Headquarters, as well as some shared services.

For the sale, BBVA has been advised by CBRE’s office in Valencia.

Original story: BBVA 

Translation: Carmel Drake

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