LEADING CITIES INVEST has bought a portfolio of 5 office buildings in the centre of Barcelona. All properties are occupied by the Generalitat de Catalunya and are rented on a long-term basis. The Generalitat comprises the political institutions of Catalonia responsible for the administration of the autonomous community. However, the properties are situated in the city centre of Barcelona and thus will attract a wide variety of occupiers in the longer term. Alternative future uses include residential, leisure, hotel and retail units. The assets were acquired from a vehicle managed by a global investment manager. The parties agreed not to disclose the purchase price.
The portfolio includes:
- Property 1 (Gran Via 612-614), which is located in the heart of the city centre, in the L’Eixample district - a consolidated, first-class office, business, residential and tourism district in the centre of Barcelona. The building previously served asPirelli headquarters.
- Property 2 (Arago 330-332) is also located in the L’Eixample district.
- Property 3 (Arago 244-248) is also in the L’Eixample district and was established as the former Spanish Nestle headquarters.
- Property 4 (Via Laietana 60) is located in the historic city centre - the so-called Gothic Quarter of Barcelona, which stretches from La Rambla to Via Laietana. The Gothic Quarter is the oldest part of the Catalan capital with centuries-old houses, some even from before the Middle Ages. Nowadays there are a large number of offices in this part of the city. The facade is a listed building.
- Property 5 (Via Laietana 58) is also in the Gothic Quarter. The facade is also a listed building.
All the properties were continuously modernized.
