Spanish private fund manager Meridia Capital has completed the sale of the Sea Towers complex to German fund manager Allianz Real Estate in an off-market deal worth EUR185 million.
The 29,000 m2 sea-front project consists of two office buildings and is located within the 22@ district, a prime business area in Barcelona. The sale was initially agreed last summer.
Commenting on the deal, Meridia Capital chairman Javier Faus said it represents ‘an example of collaboration with local authorities to promote urban transformation, creating a prime, sustainable complex perfectly integrated within the community and with the highest ESG standards.’ He added that the transaction ‘demonstrates continued demand for well-located, quality office assets in Barcelona’.
After acquiring the land plot in 2017, Meridia undertook an extensive urban transformation project, transforming the site into an office and residential complex.
In 2018, Meridia secured a 10-year pre-let agreement for the office building, with consultancy company NTT Data as the main tenant.
Source: propertyeu.info on the 5th of April
(https://propertyeu.info/Nieuws/Meridia-completes-185m-sale-of-Barcelona-office-complex-to-Allianz/e61ccdad-a05d-405a-bf96-23b49d37daf0)