Cat Real Estate sells retail space in Barcelona

Cat Real Estate sells retail space in Barcelona

The unit was sold for more than 1 million euro and, according to Idealista/news, it has 350 sqm. The space is currently leased and it has a 5.5% yield.

The transaction was carried out during the country’s state of emergency, at a time when «those who have capital are the ones in charge», mentioned Nacho Castella, the consultant’s managing director, who further assumed that assets’ prices «will surely drop».

Nevertheless, Nacho Castella stated that «he has complete trust in Barcelona. It overcame critical situations throughout history and we are convinced it will overcome this one as well».

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