BCA: How one Architecture Studio Became a Leading Player in Barcelona’s 22@ District

7 May 2018 – Eje Prime

Albert Blanch and Merche Conca founded BCA in 1994 without a portfolio of clients and working from the living room at home. 25 years later, the architecture studio is a leading player in Barcelona, where it has carried out projects with Socimis and funds such as Colonial, Lar and Blackstone, and has generated an assembly line in which thirty of its own professionals work on 45 projects each year. That number is the average that Blanch likes working with – “fifteen projects coming in, fifteen underway and fifteen being completed”, says the architect – who, from his office in the Sant Gervasi-Galvany neighbourhood, confirms to Eje Prime that, “when projects don’t come to your door, you have to go and look for them”. It was this approach that enabled BCA to overcome the crisis without leaving Barcelona and to grow its turnover by 200% over the last few years.

Proof of this is its presence in the 22@ district, the new fashionable neighbourhood for the tertiary sector in Barcelona. In the so-called technological hub of the Catalan capital, a melting pot for large office projects being developed in the city, BCA has worked on fifteen jobs, including the Cornerstone building, the UA1 property and Torre Pujades (…).

But in order to handle this volume of buildings in the most rapidly growing prime area of Barcelona, BCA has had to win the trust of various real estate players over the last two decades. Once again, Blanch refers to his motto of not waiting for the opportunities to come to you. In this way, he and Conca launched their studio with clients that were “very important but with very small projects, including several in the banking sector”, says the architect. Leading entities in Cataluña such as La Caixa and Banco Sabadell backed their firm, which started out designing bank branches, “a product that its very limited from an architectural point of view but for which there was a lot of demand at that time and that guaranteed us income to allow us to survive”, adds Blanch.

That specialisation carried out by BCA also boosted the growth of the studio. Heads of the banks that they worked with recommended Blanch and Conca to their superiors for most high-profile projects such as entire buildings and regional offices, but “combining these larger jobs with the bank branches, that was our formula for success”, says the architect.

The remodelling of Vía Augusta, 21 for Colonial launched them into the office sector 

The next success story came with the complete remodelling of a building owned by Colonial on the corner of Vía Augusta and Diagonal, in the heart of Barcelona. That project, which was completed in 2000, “really put us on the map in the office sector”, says Blanch. More than one property developer and fund called at BCA’s door after that and allowed the firm to participate in larger projects (…).

Following the building on Vía Augusta 21, many more projects emerged, mainly in Cataluña but also in Madrid, the Community of Valencia, Navarra, Murcia, the Canary Islands and Aragón. And BCA does not only survive on offices. The studio also carries out projects in the residential, hotel, facilities and urban planning sectors (…).

Like many other large architecture studios, BCA has also undertaken work at airports. The firm won a public tender to expand Terminal C at El Prat (…).

Original story: Eje Prime (by J. Izquierdo)

Translation: Carmel Drake

Amazon Leases Axiare’s Mega-Warehouse In Tarragona

16 June 2016 – Expansión

The logistics market is gaining strength in Spain, thanks to e-commerce, the sector that is growing the most and has the most optimistic forecasts. Keuhne+Nagel (K+N) has leased a logistics complex in Constantí (Tarragona) where it will work almost exclusively for the US giant Amazon.

One hundred jobs will be created during the first phase, but once the complex is operating at full capacity, it is expected to employ 400 people, according to sources familiar with the operation. To these figures, we have to add the typical reinforcements required during certain periods, such as at Christmas.

The land is owned by Axiare, which purchased the two empty warehouses last year for €13.5 million from the French insurance company Axa. (…).

Twin warehouses

The two warehouses are almost the same size as each other and have a combined surface area of 42,253 sqm in total. This is the largest operation in the sector in Cataluña so far in 2016 and one of the most important in Spain. Both facilities were constructed in 2009, but have not been used until now.

Axiare has leased the warehouses to Huenhe + Nagel, a Swiss logistics operator, which will work for Amazon. The US company will not lease this land directly, unlike the 150,000 sqm plot that it is planning to buy next to El Prat airport (Barcelona). At the facilities in El Prat, for which Amazon will reportedly pay €30 million to the Generalitat de Cataluña, 1,500 jobs will be created and €100 million will be invested, according to the Generalitat, although Amazon has not confirmed those figures.

Sources in the sector explain that the logistics infrastructures of companies the size of Amazon need several types of warehouses. As well as a central space for Southern Europe – such as the one that will be opened in El Prat, in a prime area – they also require dispatch points to handle larger objects. That activity requires more affordable, but still well-connected locations. Constantí is very close to Tarragona and is situated next to the AP-7 and A-27 motorways, and close to the AP-2. ID logistics opened a 20,000 sqm centre not far away from the site, in Vila-rodona, where Privalia is its main client.

Although the warehouses are six years old, the customisation of them has been minimal. They have 38 loading bays, are almost 11 metres tall and have offices for administration. Activity is expected to begin at the new complex in Constantí this summer.

Strategy

Stuart William McDonald, the Director of RE at the Socimi said that Axiare’s strategy involves dedicating 80% of its business to the office sector and the remaining 20% to logistics. The company led by Luis Alfonso López de Herrera-Oria, earned €5.1 million during Q1 2016, up by 22%, after recording rental income of €10 million from its assets. Its portfolio is worth €900 million and 96% of its assets are located in Madrid and Barcelona.

In 2015, Axiare also purchased land without an end customer in Valls (Tarragona), which it ended up leasing out to Kelloggs. (…). Axiare’s share price rose by 0.49% yesterday and its market capitalisation amounted to €879 million.

Original story: Expansión (by Artur Zanón and Marisa Anglés)

Translation: Carmel Drake