The PSC Sells Its HQ In Barcelona For €10M

8 June 2016 – 20 Minutos

The PSC has sold its historic headquarters, on Calle Nicaragua in Barcelona, for €10 million to a company linked to the real estate sector, according to sources.

The political party signed the “contrato de arras” on Monday 6 June and now has eight months to vacate the property.

The building on Calle Nicaragua has a surface area of more than 4,700 sqm, spread over six floors, one of which comprises a 400 sqm parking lot. It has been on the market for more than a year: the socialist party evaluated up to three offers during that period before closing the deal.

The Catalan socialists have occupied the property for more than 40 years and have sold it in order to pay off some of the €12 million debt that is weighing down on the party.

Through this operation, the PSC joins CDC and Unió, which have also put their respective headquarters up for sale recently: the CDC managed to sell its building on Calle Còrcega in Barcelona a year ago and Unió is currently considering offers from potential buyers for its head office.

The search for a new space

The PSC is now looking for a new, smaller headquarters, measuring around 1,500 sqm, and is willing to rent or purchase a property in order to find an office that best suits its needs.

It is currently evaluating three options in the 22@ district of Barcelona, although it also has other options on the table in the Zona Franca area.

The PSC would like for its new headquarters to be located below (to the south of) Avenida Diagonal in Barcelona and for its price to be affordable.

Original story: 20 Minutos

Translation: Carmel Drake