Union Investment closes the acquisition of the Barcelona 1882 hotel

Union Investment closes the acquisition of the Barcelona 1882 hotel

The German manager Union Investment has closed the purchase of the Hotel Barcelona 1882 from the Swiss investor Partners Group, for 75 million euros.

The four-star hotel complex has 182 beds. Located at 482 Córcega Street and operated by Izaka Hotel Management, it was inaugurated in 2018.

Historically, the building was the headquarters of Henkel in Barcelona. In 2015, the Spanish manager Meridia bought it for 15.5 million euros. With a total investment of 50 million, he promoted a hotel that, in 2019, he sold to Partners Group. It not only built a hotel, but also a building with 33 apartments, a commercial premises, 6 townhouses and a 100-space car park.

The buyer, Union Investment, is a German manager with €47.3 billion in assets under management. In Spain, they have the Hotel Barceló Raval, two office buildings in Barcelona, the Puerto Venecia shopping center in Zaragoza and two retail parks.

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