Generali buys an office building in 22@ for €35M

Generali buys an office building in 22@ for €35M

The insurance group Generali has bought the Step Up office building, in 22@, from the Belgian developer Codic, for an amount close to 35 million euros.

The asset has been acquired on behalf of the pan-European fund Generali Europe Income Holding (GEIH), managed by Generali Real Estate, in an operation in which it has been advised by Pérez Llorca, Arup and Cushman & Wakefield. While Codic has had the advice of Savills and BNP Paribas RE, for the sale of what is its first office project in Barcelona.

The newly built building is located at number 104 Pamplona Street, in the heart of the 22@ district of Barcelona, ​​one of the most innovative and high-tech areas in Europe.

It has more than 4,500 sqm of gross leasable area (GLA) spread over five floors, crowned by a 418 sqm roof terrace, plus two underground floors, and includes parking for 35 cars, 24 motorcycles, 37 bicycles and about 40 skateboards. .

Step Up, which houses the Spanish headquarters of the French startup Payfit, has been designed by Blanch + Conca Arquitectura (BCA) and has achieved Leed Gold certification, thanks to its state-of-the-art sustainability features and fully flexible workspaces designed in around the well-being of its users.

On the Iberian Peninsula, Generali Real Estate currently manages a portfolio of 220 properties, including two shopping centres.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!