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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 Grà cia.
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
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