The complex belonged to one of the funds managed by IRE. The University, which already rented the space since 2005, got a licence to use the building until 2078 by the public institution belonging to Barcelona’s Municipality ‘Bagursa’. The purchase is related to the company’s growth and consolidation in the area and, above all, to concentrate all its spaces in Barcelona in a single complex.
Can Jaumandreu is one of the most emblematic office complexes in distrito 22@. With an area of 12.284 square metres, and built around an old industrial plant and a XIIth century chimney, Can Jaumandreu is composed by two buildings with 7@ accreditation, which allows for public or dissemination and training companies to occupy the spaces.
Real estate consultant Cushman & Wakefield advised Invesco Real Estate in the transaction.
Alejandro Monge, director of Invesco Real Estate in Spain, remarks that «this divestment is part of the fund’s usual policy of rotating assets and that the asset had been a part of its portfolio for more than 10 years». The same fund has recently acquired two logistic assets in Madrid and Barcelona. In this sense, Monge claims that «Spain keeps being a priority region to invest for Invesco Real Estate, as shown by the recent acquisitions valued at 173 millon euro we carried out for several funds. We keep looking for the best opportunities to invest in quality assets and to increase our presence in the market».