Meridia Capital has acquired several plots of land with a total buildable area of 24,605m² in Barcelona´s 22@ district from Dospuntos Asset Management. The purchase price was not disclosed. This prime complex, integrated by five adjacent plots, is delimited by Pere IV and Fluvià streets, situated in the northern part of the district. The land acquired is adjacent to “La Escocesa”, a former industrial complex now owned by Barcelona City Council, which will be refurbished to host social housing and public services. The Barcelona City Council is focusing on developing the area by remodelling and upgrading the nearby streets with different initiatives. One of them is Ca l’Alier, a former factory that will soon start operating as an urban innovation centre and that will host the recently launched Urban Mobility Lab.
Meridia Capital will develop the land for tertiary use and fully integrate it within the local community. The project will become one of the major developments undertaken in the 22@ northern district so far. Upon the completion of the transaction, Meridia Capital will own a total buildable area of over 60,000m² in 22@ the district, consolidating its position as a leading investor in the growth of one of the fastest expanding areas in Barcelona.
Javier Faus, Founder & CEO at Meridia Capital, said: “We keep on investing in Barcelona, particularly in its 22@ district, a leading hub for innovation centres, startups, cutting-edge technology companies and universities. We will work together with the City Council in order to develop a sustainable project, integrated within in the city, the district and the area of “La Escocesa”.