On the left, the office bulding owned by Redevco
The asset has 700 sqm of offices spread over three floors. In addition, it has a store at street level that was occupied by a CaixaBank branch.
The building, with tertiary uses, is still used by CaixaBank services, which has not sublet the area it does not occupy. Thus, the sale of the property would be guaranteed profitability, since the bank has several years of mandatory compliance with the contract.
In March 2020, Andrew Vaughan, CEO at Redevco, announced its intention to reach 10 billion euros in 2025 by diversifying its investments to new sectors beyond 'retail' real estate. This deal states exactly the vision presented months ago.
Redevco is a global investment manager, involved in more than 330 assets currently worthing 7.5 billion euros.