REInvest Asset Management has recently secured one of the most sustainable office developments in southern Europe, located in Barcelona’s innovative 22@ district, in a forward purchase from Glenwell Group, specialized in the promotion and transformation of innovative and sustainable real estate, with presence in Spain and the UK. The completion of the building is planned for late 2024.
The property is being built in wood hybrid construction and offers around 11,000m² of lettable space over the ground floor and six upper floors. The basements will offer plenty of parking spaces for cars, motorbikes and bicycles. The location at the corner of Carrer de Pamplona and Carrer de Pujades, next to the Bogatell Metro Station, ensures superb public transport connections. The particularly noteworthy sustainability of the property is reflected in its certifications. Upon completion, the building will be certified LEED Platinum, WELL Platinum, PAS 2060 Carbon Neutrality, WiredScore Gold and SmartScore Gold.
The project has been designed by the Batlleiroig international architectural practice, based in Barcelona. The façade will be specially treated using the “Yakisugi”, a Japanese natural technique whereby the surface of the wood becomes fire-resistant and protected against humidity, solar radiation and insect attack through controlled charring or carbonisation, ensuring high durability and requiring very low maintenance. In addition to the many other sustainability aspects, the building will also be connected to the heating and cooling network of the local district.
“This project is truly special, not only because of its excellent location in Barcelona’s innovation district, but because of its particularly sustainable construction method, with forward-looking ‘smart building’ features. The certifications we are currently seeking will serve to bolster the level of ESG focus in the portfolio. The property therefore fits perfectly within our investment strategy in all respects”, said Daniel Hohls-Larsson, Head of International Transactions with responsibility for this project development at REInvest.
David Sanchez, CEO at Glenwell Group Iberia, commented: “We are delighted to be entrusted with the execution of this innovative project, which initiates a new concept of office buildings with the highest sustainability certifications that we are promoting with the INSPIRE label, name that will also be given to this asset. We expect this building to become a reference of the real estate of the future, leading new sustainable certifications and providing a strategic district in Barcelona with a significant step forward in its innovation objectives. INSPIRE joins other projects in the area such as Green Business District, reinforcing our presence in Barcelona, Catalonia and Spain as a leading company in urban transformation.”