Meridia Capital Partners, SGEIC, S.A., (“Meridia Capital”) announced today that it has acquired for €66m an office portfolio totalling 40,000m² and 560 parking spaces, mostly in Barcelona.
All assets have been acquired through its latest real estate vehicle Meridia III.
The main assets acquired include, among others:
- Two buildings located within grade A Viladecans Business Park (Barcelona).
The properties are in excellent conditions and have easy access to the
city centre and the airport.
- The so called Alta 1 building in Esplugues (Barcelona), located next to Nestlé’s
Spanish headquarters, acquired by Meridia earlier this year.
- Other office assets mainly in Barcelona.
With the current acquisitions the fund closes its second and third deals. Meridia III is a value-added real estate vehicle with a hard cap of €250m of equity and an investment capacity of €600m. Supported by some of the world’s most highly regarded institutional investors, the vehicle targets Spain, especially its two main markets: Madrid and Barcelona.
Meridia has closed the cited portfolio in two separate deals from two different sellers. In the first deal Meridia was advised by JLL and Roca Advocats, while the seller was advised by Ribe Salat Inmobiliaria. In the second deal Meridia was advised by CBRE and Garrigues, while the seller was advised by Aguirre Newman and Herbert Smith.
