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

Hispania Buys Hotel Oasis Resort In Lanzarote For €28M

22 July 2016 – Expansión

The Socimi Hispania, through its subsidiary Bay Hotels & Leisure, has acquired 100% of the company Inversiones Inmobiliarias Oasis Resort, owner of the Hotel Oasis Resort located in Costa Teguise (Lanzarote), from CaixaBank and Metrópolis for €28 million.

After this operation, the Barceló Group will operate the hotel under a lease contract, which forms part of the framework agreement that governs all of the hotels operated by the group.

The 4-star property has 372 rooms and is located right on the beachfront, opposite Hotel Barceló Lanzarote.

As part of its investment strategy, the group is considering integrating this asset with Hotel Barceló Lanzarote, with the aim of creating a mega resort with almost 800 rooms on the beachfront.

Although the hotel was refurbished recently, an investment of €4 million is planned to bring it up to Barceló’s standards.

Following this acquisition, Hispania now owns 35 hotels, primarily in the vacation segment, and so has more than 10,400 rooms, making it the largest (non-operator) hotel owner in Spain.

According to Hispania’s CEO, Concha Osácar, the Canary Islands is a key market for the company, given its stable occupancy rates throughout the year and its high degree of exposure to European tourists.

On 18 July, Hispania acquired 100% of the shares in the company Later Deruser, owner of the Hotel Paradise Portinatx in Ibiza (Balearic Islands) for €11 million, which will also be operated by Barceló.

Original story: Expansión

Translation: Carmel Drake