Glòries Office Complex under negotiations for €120M

Glòries Office Complex under negotiations for €120M

Photo Collected From Google Maps

This complex incorporates 3 buildings with a total combined area of more than 21.500 sqm and it is located on the higher floors of shopping centre Glòries, at number 179 Carrer Ciutat de Granada, numbers 188-210 Avenida Diagonal and numbers 866-872 Gran Vía.

In order to market this asset, which is part of the portfolio inherited from the purchase of Hispania in 2018, the American giant has the support of consultants Savills Aguirre Newman and CBRE, according to newspaper Expansión.

This is one more sale included in the company’s asset rotation strategy for Spain. Also, at the beginning of October, market sources informed newspaper elEconomista that Blackstone was negotiating Príncipe de Vergara 108 in Madrid for 50 million euro. At the time this operation was already under due diligence.

The fact is that Blackstone has already concluded a few sales this year, such as ING’s future headquarters at Helios Business Park, a 34.947 sqm building located in Madrid, for 190 million euro.

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