• Transaction / Assets
    Plot of land in 22@ district (Barcelona)
  • Seller
  • Buyer
    La Llave de Oro
  • € MM

Metrovacesa Sells Tertiary-Use Plot in Barcelona for €22M

26 April 2018 – La Vanguardia

Metrovacesa has sold a plot of tertiary-use land in Barcelona, located in the 22@ district of the Catalan Capital, to the property developer La Llave de Oro for €22 million, according to a statement from the real estate company.

The company in which Santander and BBVA hold stakes says that with this transaction, it has now achieved 75% of the total land sales target that it set itself for 2018.

Metrovacesa has closed the sale of this land after completing all of its urban planning management procedures in December. The plot forms part of a portfolio of tertiary-use land owned by the real estate company spanning 1.3 million and worth around €700 million, which represents 27% of its total portfolio.

Original story: La Vanguardia

Translation: Carmel Drake