BNP buys HP's offices in 22@ for €50M

BNP buys HP's offices in 22@ for €50M

The real estate investment manager BNP Paribas Reim has recently closed the purchase of the offices that the technology multinational Hewlett Packard Enterprise (HPE) occupies in 22 @ and which were owned by the UK & European Investments fund. The operation was estimated around 50 million euros according to several market sources.

The property is located at number 66 on Calle Tánger, between Ávila and Badajoz. It is an excellent location, two blocks from the epicenter of the tech district, Torre Glòries. In the area there are other companies with a technological profile such as Amazon, Indra, Schibsted, King or Facebook (Competence Call Center). The property has five floors, spread over 7,200 sqm of surface, and was the first office in the city to receive the Leed Platinum certification.

In the operation, BNP Paribas Reim has had the advice of the real estate services of the French bank itself (BNP Paribas Real Estate), while UK & European has hired the consulting firm JLL.

UK & European Investments have owned the property since July 2016. The London-based fund underwent a complete refurbishment of the asset to transform it from an industrial use to an office building. The project was designed by the British architectural firm Buckley Gray Yeoman (BGY) and the local firm Deerns.

HP signed a pre-lease for the entire property at the beginning of 2018. The technological multinational has located in this building the Spanish subsidiary of CDS, its development platform and supply of technological services such as servers, storage, network equipment, cloud solutions and other information technology services.

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