Hines has joined forces with UDIN for the development of a site that will include offices and potentially other commercial uses in the 22@ district of Barcelona, Spain. The site, which has permission to build up to 30,770m² of space and occupies almost an entire city block of more than 8,000m², is set to lead the urban regeneration of this dynamic part of the city.
Strategically located in Cristobal de Moura, the future green axis of the area, the aspiration is to build a cutting-edge project, divided into several buildings offering modern flexible space. The project will be designed with the future needs of the workplace in mind and with the aim of obtaining the highest environmental, wellness and connectivity certificates.
This project is in addition to those already being developed by Hines in the 22@ district, which includes two student residence complexes offering 1,100 beds, an international business school and an additional office building. These transactions consolidate the international real estate firm as one of the main developers of the 22@ district, an area that is already one of the most important innovation hubs in the country and is home to the headquarters of companies such as Amazon, eBay and Glovo.
Lars Huber, CEO of Hines Europe, said: "We are very pleased to be investing in the 22@ district, one of Europe’s most exciting regeneration projects. Across Europe and the world, Hines has a strong track record of delivering major urban regeneration schemes, and we will be bringing our international expertise to this dynamic new area of Barcelona. This agreement further consolidates Hines' presence in Spain and complements our existing assets in Barcelona where our projects amount to over 118,000m² of GLA, and where we see great long-term potential for growth.”
Vanessa Gelado, senior managing director and Hines Spain country head, said: "This asset is located in a strategically important area of the city, which will become an exciting hub for innovation with the international business school and other innovative organisations moving into the area, alongside a growing student population. Hines has been a strong advocate and investor in this area of Barcelona for more than 25 years when the firm first launched the mixed-use, master-planned Diagonal Mar development. We are looking forward to working with partners to once again shape its long-term future and to create an innovative, sustainable and future-focused 22@ district.”