Iberdrola Puts Torre Auditori in Barcelona Up for Sale

19 March 2019 – Idealista

Iberdrola has put Torre Auditori, which forms part of the BCN Fira District business park in Barcelona, up for sale. The property comprises 21 storeys and spans a surface area of 22,899 m2, generating annual rental income of more than €4.3 million. The current occupancy rate of the property is 98% and its tenants include Cepsa, Ferrovial, Marmedesa, Asus and Iberdrola itself.

The building forms part of the business park that the company is constructing on Paseo de la Zona Franca, which currently comprises Torre Auditori and Torre Marina (which is leased to the pharmaceutical firm Esteve). Iberdrola is building two more properties, which will be handed over during the first quarter of 2021.

Original story: Idealista 

Translation: Carmel Drake

Goldman Sachs Puts Agbar’s Home in Barcelona Up For Sale

12 November 2018 – Eje Prime

Goldman Sachs wants to take advantage of the high level of demand in the office market in Barcelona. The US bank has put the headquarters of Sociedad General de Aguas de Barcelona (the General Water Company of Barcelona or Agbar) up for sale. The property is known as Distrito 38 and is worth around €100 million.

The asset, located on Paseo de la Zona Franca, is going up for sale in the office market just three years after Goldman Sachs acquired it. The bank purchased the building in 2015 from Bankia, as part of a larger portfolio, for which it paid €355 million, according to Cinco Días.

In light of the great demand in the office segment, which recorded total investment to September of €1.117 billion, according to data from Cushman & Wakefield, the financial company plans to close the operation before the end of the year.

Original story: Eje Prime 

Translation: Carmel Drake