Archive for August, 2010

Deka complete purchase of Diagonal 640, Barcelona for €450m

Wednesday, August 25th, 2010

Deka complete major commercial real estate investment transaction from Realia in Avenida Diagonal, Barcelona, Spain

Deka Immobilien has acquired Avenida Diagonal 640 in Barcelona, a class-A office building, for €145 million from Realia. CB Richard Ellis (CBRE) advised Madrid-based Realia Group on the sale and Cushman & Wakefield acted for Deka.

Avenida Diagonal 640 comprises one of the most emblematic office buildings in Barcelona. Located on one of the main financial arteries of the city the 28,500 sq m building is partly let to prestigious firms such as Price Waterhouse Coopers, Regus, Caja Madrid and Gomez Acebo y Pombo. Other tenants include smaller and less well known companies.

For more information on this transaction and other commercial investment real estate transactions in Spain contact | i-comparables.com

Supercaixa Holding pay €18m for Torre Sur in Plaza Cerda, Barcelona

Tuesday, August 17th, 2010

Office tower investment transaction in Barcelona

Segurcaixa Holding, the insurance holding owned by the La Caixa savings bank, has purchased the Nissan office tower, also known as Torre Sur, in Plaza Cerdà of Barcelona, for an amount of €18m. The transaction was closed a few days ago and the property was aquired from a private family investment group.
The “Torre Sur” forms part of a complex of three office towers in Plaza Cerdà, denominated as a secondary location in the Barcelona office market since it does not form part of the major two main avenues of tertiary activity which correspond to Avenida Diagonal and Passeig de Gràcia.
The tower has an area of 9,000 square metros and the price amounts to approximately €2,000 per square metre, lower than other transactions closed in the same area during the last quarter. | i-comparables.com