• Transaction / Assets
    18 buildings
  • Seller
    Meridia Capital
  • Buyer
    Partners Group
  • € MM

Meridia Sells 18 Buildings to Swiss Firm Partners Group

2 April 2019 – La Vanguardia

Meridia Capital has completed the sale of 18 buildings in Madrid and Barcelona to the Swiss firm Partners Group for €215 million. The properties are primarily office buildings, with a total leasable area of 91,000 m2, and account for the bulk of the assets that used to form part of the fund Meridia 2.

The most notable properties include Torre Meridian, and the Med I and Med II buildings in Barcelona, along with one building on Santa Leonor and another on Calle Alcalá in Madrid. The investment manager chaired by Javier Faus will continue to manage the properties.

The purchase represents the Partners Group’s debut in Spain and is the largest real estate operation to be closed in the country so far this year. Meridia began its divestment from Meridia 2 last year, with the sale of the building that houses the headquarters of Nestlé in Esplugues de Llobregat to the Korean group ICIS Asset Management for €87 million.

Meridia Capital Partners is an independent investment manager, with more than €1 billion in assets under management. Meanwhile, Partners Group is a Swiss private equity firm that manages assets worth €80 billion. The firm is also the largest shareholder of the jewellers Tous.

Original story: La Vanguardia (by Rosa Salvador)

Translation/Summary: Carmel Drake