Metrópolis Buys Hexagon Glòries Building in Barcelona for €50M

27 December 2018 – Idealista

Metrópolis is backing the 22@ district with new purchases. The fund led by Pere Bosch and in which the following Catalan businessmen, amongst others, hold stakes: Miguel de Navas, Oriol Tomas Carulla, Javier Ferrero, Yolanda Bassat, Rafael Tous Godia and Javier Carrasco, has invested €50 million in an office building under construction, promoted by the real estate company Brilten and located in the district of Barcelona.

The asset, known as Hexagon Glòries, due to the shape of its façade, has a surface area of 10,000 m2. Last summer, Brilten announced that it was planning to spend €35 million on the construction of the property, an amount that included the acquisition of the land, according to reports from Expansión.

The building has been designed by the architect firm Batlle i Roig and will be finished by the middle of 2019. In addition, Brilten already owns other assets in 22@ such as, for example, the Twentytú hostel.

This is the first purchase that Metrópolis has made in the Catalan capital’s technology district. The investor vehicle acquired its last property in 2017 when it purchased the Can Ametller business park for €35 million. Nevertheless, all indications are that the fund’s next investments could be in Madrid and even in other European cities such as London or Paris.

Original story: Idealista 

Translation: Carmel Drake

Owners of Hotel Twentytú will Invest €35M to Build New Office Block in 22@

20 June 2018 – Eje Prime

The owners of Hotel Twentytú are going to build offices in 22@. Brilten, the property developer owned by the Catalan Pérez family, is going to invest €35 million in the construction of a new corporate building in the technological district of Barcelona, the current hub of the office market in the Catalan capital.

The asset is going to span a surface area of 10,800 m2 and will be called Hexagon Glòries. The plot on which the asset will be built was acquired by the Pérez family a decade ago for €18 million. Now, the family has opted to build an office block in light of the high demand that exists for such products in this new central business district (CBD) of Barcelona, according to Expansión.

The plot is located at the junction of Sancho de Ávila and Calle Álava, in the vicinity of Plaça de les Glòries. It will comprise nine above-ground floors, which will measure approximately 1,200 m2 each. Brilten expects the construction work to be completed by June 2019.

Moreover, on the lower floors of the building, which is going to be designed by the architecture studio Batlle i Roig, 800 m2 of space will be adapted for commercial use, and the block will have 126 parking spaces underground. On the roof, meanwhile, the Pérez family is going to open a large terrace.

This new office building is one of around twenty projects that the real estate market is currently developing in this sector in the 22@ district and that, including Brilten’s addition, will incorporate more than 380,000 m2 of space to the available stock in the area.

Original story: Eje Prime 

Translation: Carmel Drake