Urbania has sold the office complex at number 105 Sancho de Ávila to a fund managed by Zurich. The operation has been advised by CBRE for the seller and by Roca Junyent for the legal part of the buyer. This transaction demonstrates the interest of large investment funds in the 22@ technological district in Barcelona.
“This operation confirms the idea that 22@ is a prime area. The institutional funds, protagonists of this operation, want a lot of security, so it is normal for them to invest in top-level locations and properties like this one”, assured the Head of CBRE Barcelona, Xavier Güell.
Located on the grounds of the former Llorenç Pons i Clerch soap factory and designed by BCA Blanch + Conca Arquitectura, this property has 2,331 square meters distributed between the ground floor and six floors and several terraces totaling 745 square meters. The project will be accredited with LEED Gold certification and will be occupied by a single tenant.
“Companies are increasingly asking for a higher quality of buildings, both through certifications and the benefits it offers. This building perfectly meets the search for these criteria”, explained the Director of Capital Markets at CBRE Barcelona, Alex Pazos.
This operation demonstrates the "good health" of the investment market in Barcelona. The city closed the first quarter with an investment of 150 million euros in offices.