• Transaction / Assets
    Calle Ciudad de Granada, 123 (Barcelona)
  • Seller
  • Buyer
    Rockspring
  • € MM
    12

Rockspring Buys McCann’s HQ in the 22@ District of Barcelona

25 January 2019 – Expansión

The owner of the Mercadona logistics platform in Sant Esteve Sesrovires is now investing in the office segment in Barcelona.

International investors are continuing to back the office segment in Barcelona to benefit from the boom in demand and the growth in rents that are being recorded in the sector. The latest player to invest is the British fund Rockspring – which has formed part of Patrizia Immobilien since last year – which has purchased an office building located in the 22@ district, the area that is registering the highest demand. The amount of the operation could reach €12 million, according to sources in the sector.

The property, located at number 123 Calle Ciudad de Granada, on the corner with Calle Tánger, was the former headquarters of Laboratorios Kin until that company moved to other offices on La Diagonal. The manufacturer of dental hygiene products, which used to own the property, carried out a comprehensive renovation project, which involved its change of use from industrial to offices, and it put it on the rental market. Savills Aguirre Newman was engaged for its marketing and was also responsible for searching for an investor (…).

In May last year, the property was leased in its entirety to the multi-national advertising company McCann, which left Edificio Planeta and opened its corporate headquarters in 22@, where it occupies a surface area of 3,000 m2.

The useful surface area of the offices amounts to 2,740 m2, spread over four floors measuring 650 m2 each and an attic spanning 140 m2. The rental price agreed with McCann amounts to €16.50/month (…).

Original story: Expansión (by Marisa Anglés)

Translation: Carmel Drake

150