This space, located in the centre of Barcelona, has 2.600 sqm and hosts Casa Seat. The building was negotiated during the third quarter of 2019, according to 3T Research Report from 2019 compiled by CBRE. According to the latest report on the segment from Savills Aguirre Newman, this operation should have been one of 15 retail transactions concluded at the beginning of 2020.
For KKH Capital Group this was one of 3 divestment operations carried out this year in Spain. One other was the sale of Hotel Edition Madrid and the latest one was the sale of the Las Ramblas 124 building also located in Barcelona.
For Manuel Lao, the investor behind Nortia Capital, this was one more deal which confirms his dynamic activity in the country. He concluded the purchase of a 6.27% share of Spanish REIT Merlin Properties through this company. On that investment alone, which took place in mid-April, he spent 245.8 million euro.