• Transaction / Assets
  • Seller
  • Buyer
  • € MM

Meridia Acquires 11 Office Buildings For €100M

27 March 2015 – Cinco Días

Meridia Capital has purchased eleven office buildings in Madrid and Barcelona from GE Capital Real Estate for €100 million. Together the buildings have a total surface area of 84,000 square metres.

Seven of the assets acquired are located in Barcelona and the other four are in Madrid; all of them are located in the main business areas of the two cities.

The portfolio acquired in Barcelona includes the Meridian building, an 18-floor office block measuring 24,000 square metres.

Specifically, the buildings in Madrid are located on Calle Alcalá, 518 and Calle Gobelas, 35-49, according to Cushman & Wakefield, the real estate consultant that has advised the sale, which was signed on Thursday.

The properties acquired in Barcelona are located in the 22@ district (on Joan d’Àustria, 39-47; Paseo Garcia Faria, 49-51; and Calle Josep Ferrater i Mora, 2-4), Avenida Rio de Janeiro, 56-66, Via Layetana, 4, Calle Girona, 2 and Calle Pare Rodés de Sabadell, 26.

In a statement, the CEO of the real estate company Meridia Capital, Juan Barba, highlighted that the transaction, the fourth signed by its fund “Ibérica Fondo Inmobiliario Meridia” in Spain represents “a significant step forward” because it “significantly” increases its exposure to the office segment.

For his part, the founder and CEO of Meridia Capital, Javier Faus (pictured above), reiterated the firm’s commitment to continue investing in the Spanish real estate sector, which he considers “offers very exciting opportunities”.

Original story: Cinco Días

Translation: Carmel Drake