The complex, which includes 5 office buildings with a total area of almost 50.000 m2 and a GLA of 27.607 m2, is located in Esplugues de Llobregat.
Since February 2016, when Meridia Capital bought the complex, it has repeatedly tried to put them back on the market. As a result, Building 1 now has the platinum LEED [1] certification and Building 2 and the common areas have the gold LEED cerification.
Juan Barba, Real Estate Partner at Meridia Capital pointed out that «with the sale of this asset we give continuity to the process of divestment of our second fund, Meridia II. Since its acquisition only two and a half years ago, Meridia kept the value add strategy of the fund and has successfully executed its repositioning project, which has significantly improved the facilities, generating a high interest within the market. The success of the sale is a very positive landmark in the office building market in Barcelona».
Ashurst, Cushman & Wakefield, KPMG and Colliers assisted the buyer, while the offices of Uría Menéndez and Valliance Real Estate Advisors advised the seller.
