26 April 2018 – Eje Prime
Merlin has found a new tenant for one of the most iconic assets in its portfolio after the European Medicines Agency (EMA) decided to vacate the property. The Socimi, led by Ismael Clemente, has signed the lease for 9,000 m2 of space spread over eight floors to Competence Call Center. Merlin has been advised by Savills Aguirre Newman and CBRE.
Standing 142 m tall and comprising a gross leasable area of 37,614 m2, the building in Barcelona has received investment of €15 million from Merlin. After the decision by the EMA, the Socimi decided to convert the property into a multi-tenant space dedicated to the office sector.
The building was designed by the architects Jean Nouvel and Fermín Vázquez and was inaugurated in 2005. It contains 34 storeys and an auditorium with a capacity of more than 350 people. In addition, the property has four floors of parking with 300 spaces. In total, the property spans 51,485 m2.
The real estate group acquired the building in January 2017 for €142 million. Through that operation, the Socimi avoided the tourism moratorium imposed by the mayor of Barcelona Ada Colau, which had prevented Emin Capital from opening a luxury hotel in the famous tower.
Emin Capital reached an agreement with Agbar at the end of 2013 to acquire the building for €150 million. That commitment materialised at the beginning of 2016 when the group made its first payment of €35 million.
The 22@ district is the main area of growth for the office market in Barcelona, having consolidated its position as a magnet for international innovation companies such as Cisco, Ebay, Yahoo, Deutsche Telekom, Sage, SAP, Capgemini and Indra, amongst others.
Original story: Eje Prime
Translation: Carmel Drake