Partners Group sells Med I and Med II for €25M

Partners Group sells Med I and Med II for €25M

Both Med I, with 2.751 sqm and Med II, with 3.342 sqm, are currently 100% occupied, according to daily newspaper Eje Prime, which further explains that these assets are located in Barcelona’s waterfront.

According to the same newspaper, this transaction was advised by consultant CBRE.

These two buildings were part of an 18 asset portfolio Meridia Capital sold to the Swiss fund management company last April for around 215 million euro. An operation which, for Stefan Lempen, Managing Director and Co-Head Private Real Estate Europe at Partners Group, was «one of our key strategies in Spain, as well as globally (…). We see great value creation potential in this portfolio».

For Barcelonesa, this was the first acquisition carried out in Spain this year. The purchase of a 6.800 sqm terrain, also located at district @22, concluded in December was one of the last to be carried out by the company. Its goal is to build a 12 floor 20.000 sqm office building where it intends to invest 75 million euro.

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