Patrizia buys a build-to-rent building in Barcelona for €34M

Patrizia buys a build-to-rent building in Barcelona for €34M

Building purchased by Patrizia in 22@, Barcelona

The build-to-rent building, promoted by Mimeisa Asset Management, is seven floors high and includes 59 apartments, 66 parking spaces and 30 storage rooms. In addition, it has common areas such as a playground, a gym and a roof terrace with a pool. 

According to EjePrime, this operation has been advised by KPMG and BNP Paribas by the German fund, while Mimeisa Asset Management has been advised by Roca Junyent.

With this operation, Patrizia continues to «bet on the residential segment in Spain, the city of Barcelona and especially the 22 @ district» says Eduardo de Roda, head of Patrizia in Spain and Portugal. Patrizia now has seven assets from different segments in the Barcelona technology district, valued at 200 million euros.

At the moment, after the operation, Patrizia's residential portfolio in Spain and Portugal amounts to 45,800 sqm and a valuation of 170 million euros.

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