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Mas-Colell Sells Economia Premises to Italian Group Angelini with 20% Discount

The Catalonian Government sold today two auctioned buildings in Barcelona: Departament d’Economia situated on Rambla Catalunya Street and old premises of Interior on Pujades Street (in front of the Ciutadella Park) for about 37 million Euros. The sales of the old premises of Medi Ambient on Diagonal Street and Justicia on Caspe Street were not awarded.

The Departament d’Economia office located at 19 Rambla Catalunya Street in Barcelona was sold to an Italian group Angelini. The buyer, advised by Renta Corporación, paid 23 million Euros at second auction, which constitues 20% discount in regard to the initial price of 29.6 millions. The other building is situated at 11 Pujades Street also in Barcelona and it was sold to a German chain of hotels, Motel One. The property has been acquired at first auction for 14 million Euros.

Source: Expansión