Bidding intensifies for €160m prime office building at Diagonal 640, Barcelona

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Foreign and national investor interest in the Spanish commercial real estate market is still strong. According to the Spanish property and national press, buyer interest in Barcelona’s prime landmark office building at Avenida Diagonal 640 is intensifying. Press articles indicate that two German funds, Deka and Rreef have made bids with the Deka bid rumored to be the highest.

The Rreef bid is apparently associated with Metroinvest, the investment group of Spanish savings bank La Caixa and two Spanish family offices, Gallardo (owners of Almirall) and Costafreda (founders of Panrico). Realia, the owners of the building, consider that the value of the building is €160 million which makes it the largest ongoing sale in the Spanish commercial real estate investment market at the current time. | i-comparables.com

27 Responses to “Bidding intensifies for €160m prime office building at Diagonal 640, Barcelona”

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