Madrid-Based Developers Acquire Ballonti Shopping Centre

28 July 2019 – Richard D. K. Turner

The German fund Deka Immobilien sold the Ballonti shopping centre to Bilball Centre Investments and Ballon Investments. The two real estate firms are domiciled in Madrid and linked to Barsolein.

Built in 2008, and with a capacity of more than 52,600 square meters of gross leasable area, distributed on two floors, Ballonti is the most modern shopping centre in Bilbao. The facility has a 92% occupancy rate and receives around six million visits per year.

Original Story: El Mundo – Nerea Albinarrate

Photo: CBRE

Inbisa To Renovate Alta Diagonal Building In Barcelona

28 July 2016 – Mis Oficinas

Inbisa, through its construction company BYCO, has been awarded the tender to renovate the urbanisation of the Alta Diagonal building, located on Avenida Diagonal in Barcelona. This office complex belongs to Deka Immobilien, a German investment fund, whose history spans more than 40 years, specialising in real estate assets, managing 293 properties in 23 countries.

This renovation, which will be performed on a surface area covering 2,000 sqm, completes a series of improvements and refurbishments that Deka Immobilien has performed on the building and its surrounding area, with the aim of strengthening its position in the prime office market in Barcelona. To that end, it is going to renovate the quality of the materials in the property, to bring the urbanisation into line with the rest of the complex.

“The construction work is going to be carried out within a short timeframe of 2 months, taking advantage of a quiet period for the property. The work will cover a surface area of 2,000 sqm, whereby completing the renovation work already carried out at the entrances and on the façade, as well as in the private and public urbanisation to the rear, in Avenida Sarrià”, said the Heads of Inbisa.

Original story: Mis Oficinas

Translation: Carmel Drake