Meridia Takes €83.5-Million Loan to Build Project in Barcelona’s 22@

21 November 2019 – A socimi controlled by Meridia has arranged an up to €83.5-million syndicated loan with CaixaBank and Santander to build the future headquarters of Everis in Barcelona’s 22@ district.

The firm’s real estate vehicle, Meridia III, requested the loan, which will be guaranteed by the plot of land located at Avenida Nova Icària 213, as well any future construction on the site. The loan will last until seven years after the end of construction.

Original Story: Expansión – Marisa Anglés

Adaptation/Translation: Richard D. K. Turner

Merlin Properties to Build Torre Adequa, a New 25-Floor Office Building in Madrid

18 November 2019 – Merlin Properties announced that it would build a new high-rise office building in northern Madrid. The 25-floor Torre Adequa will be over 100 meters high and close to 30,000-m2 of surface area.

Construction on the site is set to begin in early 2020 and conclude approximately two years later. Merlin expects to invest about 110 million euros, including the acquisition of the land.

The new building, at Avenida Burgos 89, is in the existing Adequa office complex, near five other high-rises, including the Torre Caleido. The new office building will have a surface area of close to 30,000 m2, in a 76,000-m2 office park. The complex’s main tenants include Audi and Técnicas Reunidas. Adequa has stores, a gym, restaurants, pharmacy, paddle tennis courts and a nursery.

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner