• Transaction / Assets
    24,605 m2 of land in 22@ district
  • Seller
    Dospuntos Asset Management
  • Buyer
    Meridia Capital
  • € MM

Meridia Capital Acquires 25,000 m2 of Buildable Land in Barcelona’s 22@ District for €25.8M

17 December 2018 – Press Release

Meridia Capital has announced today the acquisition of several plots of land with a total buildable area of 24,605 m2 in Barcelona´s 22@ district from Dospuntos Asset Management.

This prime complex, comprising five adjacent plots, is delimited by Pere IV and Fluvià streets, situated in the northern part of Barcelona’s 22@ district, one of the areas with the highest potential within the city. The land acquired is adjacent to “La Escocesa”, a former industrial complex now owned by Barcelona City Council, which will be refurbished to host social housing and public services. The Barcelona City Council is focusing on developing the area by remodelling and upgrading the nearby streets with different initiatives. One of them is Ca l’Alier, a former factory that will soon start operating as an urban innovation centre and that will host the recently launched Urban Mobility Lab.

Meridia Capital intends to carry out a transformation plan in order to develop the land for tertiary use and fully integrate it within the local community. The project will become one of the major developments undertaken so far within the 22@ northern district. After this transaction, Meridia Capital owns a total buildable area of over 60,000 sqm in 22@ the district, consolidating its position as a leading investor in the growth of one of the fastest expanding areas in Barcelona.

With this acquisition, Meridia III – launched in 2016 – almost reaches full deployment. Its predecessor, Meridia II, is fully deployed and is currently in exit mode (…).

About Meridia Capital

Meridia Capital Partners SGEIC, S.A. is an independent investment firm. Over the past few years, it has become one of the main regulated alternative investment fund managers in Spain.

Original story: Press Release

Edited by: Carmel Drake