HP Leases Entire Building in Madrid’s 22@ from UK & European Investments

9 October 2018

The asset, located at 66 Calle de Tangér, is owned by UK & European Investments and has five floors and 7,200 square meters.

The US-based tech giant is moving to Madrid’s 22@. Barcelona’s technology district, a benchmark in today’s office market, will now play host to Hewlett & Packard (HP), which has just leased an entire office building at Calle Tangér from UK & European Investments, the real estate developer announced.

The property, located at 66 Calle de Tangér, a centrally located street in the district, has five floors and 7,200 square meters of surface area, 800 square meters or which are on the roof, with stunning views of Barcelona.

The American technology will set up shop next door to other giants of the tech sector, including Amazon and WeWork in the Luxa office complex, which is owned by Catalana Occidente. Other large international firms, mostly related to technology, have also recently moved to the area: Facebook moved into Merlin’s iconic Torre Glòries, while Schibsted and King will share a space in a new building that Colonial is building in 22@.

UK & European Investments acquired HP’s new home in Barcelona in July 2016. The asset underwent a complete rehabilitation, converting an industrial building into an office building, the first in Barcelona to have a Leed Platinum certificate. The London architectural office of Buckley Gray Yeoman (BGY) and Spain’s Deerns participated in the project.

UK & European Investments, headquartered in London and headed by its CEO, Barney Kelham, specialises in the development of prime industrial-style office spaces. In Spain, where the firm has an office, the company’s rehabilitation of the 66 Calle de Tangér building is one of several projects that the group has underway in the country, with a gross total development value of more than 130 million euros. Among them, two residential projects in Madrid and Marbella stand out.

TLG, a private investment firm that operates in eleven countries, with a significant presence in the United Kingdom, France, the United States, Germany and Spain, owns the company. The firm is active in fashion distribution, fund management, hotels and venture capital.

Original Story: EjePrime

Translation: Richard Turner

Europe GRI 2017: 11-12 September, Paris

12 July 2017 – Press Release

Aura REE & GRI Club have come together for Europe GRI. Senior real estate investors, developers, lenders, asset owners, major corporates and planners connect, share ideas and strengthen relationships. The collegial discussions enable you to interact and engage – much like an after-dinner conversation in your own living room. Identify like-minded peers, build relationships, and continue the conversation afterwards.

Members and non-members are welcome. If you would find it useful to join your peers at this exclusively senior-level club meeting, you can register here.

Register | Programme

Confirmed Participants include:

Brian Betel, Managing Partner, ASG Iberia Advisors
Steven Broch,  CIO, Aerium Group
Hunt Doering, Managing Director, Baupost Group International
Michael Zerda, Managing Director, Blackstone
Dale Lattanzio, Managing Partner, DRC Capital

Pedro Abella Langa, General Manager, H.I.G. Capital
Gregory Clerc, Managing Director, Bank of America Merrill Lynch
Duncan MacPherson, Managing Director & Head of Debt, Starwood Capital Europe Advisers
Cristina Pérez Liz, Managing Director, Kennedy Wilson
Norbert Müller, Managing Director, Deutsche Pfandbriefbank

Manuel Holgado, Partner, VKronos Investment Group
Tom Rowley, Managing Director, Angelo, Gordon Europe
Trish Barrigan, Senior Partner, Benson Elliot Capital Management
Michael Abel, Managing Director, TPG
Tavis Cannel,  Managing Director, Goldman Sachs International

Manuel Enrich, Investor Relations Director, Sareb
Miguel Pereda, CEO, Grupo Lar
Nic Fox, Partner & Head of Middle Europe, Europa Capital
Fraser Denton, Managing Director, UK & European Investments
David Matheson, SVP, MD Director Investments-Europe, Oxford Properties Group

Jeffrey Dishner, Senior Managing Director,  Starwood Capital Europe Advisers
Chris Evans, Founding Partner, Hamilton Hotel Partners
Ekaterina Avdonina, Managing Director, Delin Capital Asset Management
Christian Nickels-Teske, Head of Treasury Europe, Prologis Ian Worboys, CEO, P3 Logistic Parks 

Peter Cole, Chief Investment Officer, Hammerson
Carrie Hiebeler, Senior Investment Officer, Ventas, Inc.
Gordon Black, Senior Managing Director, Co-Head Europe, Heitman
Gregory Lanter,  Vice President Global Development, Club Méditerranée

Sessions Include:

Residential in Spain – Is product scarcity solved by the acquisition of developers?
NPLs – The last chance saloon?
Retail in Spain – Primary vs. Secondary cities
Co-Investment – As deals mature, will partners get their hands burnt?
European Gateway Cities – Where’s the smart money heading?
The Global Shift Towards Mediterranean Hospitality – New regions or new money?
Modern Retail – Convenience, leisure, technology or community?
Residential Alternatives – Are great operating partners essential or overrated?
What is Real Estate These days? – Financial asset or a service?

For event participation, contact:

Loredana Carollo | Club Director Spain
+44 (0) 20 7121 5089 | loredana.carollo@griclub.org | www.griclub.org

Original story: Press Release

Edited by: Carmel Drake