Avignon Capital has closed financing with BBVA for an office building located in Barcelona through a five-year bullet loan. The transaction was exclusively advised by CBRE's Debt & Structured Finance division.
The financed asset is a 13,606 sqm office building located in the 22@ district and is fully occupied by Banc de Sang i Teixits, a public entity dependent on the Generalitat de Catalunya.
According to CBRE, the transaction was structured through a competitive process between different types of lenders with the aim of refinancing the existing loan and improving its conditions, both in terms of cost and structure, with an impact on returns for shareholders.
Nacho Meylán, senior director of Debt & Structured Finance at CBRE, pointed out that this type of transaction reflects the financial market's interest in office assets with high occupancy levels and income visibility, in a context in which the 22@ district remains attractive to the corporate sector.
The 22@ district accounted for 45% of office take-up in Barcelona at the end of the third quarter of 2025, according to data from the consultancy firm. The district stands out for attracting technology and advanced services companies, with large buildings averaging over 2,000 sqm, and for an offering in line with current standards of efficiency and functionality.
