Rodamco Europe sells two of the four office buildings in Barcelona for €27 million to Royal Metropol

Rodamco Europe, the largest publicly listed property investment and management company in the retail sector in Europe has recently sold two of its four office buildings in Barcelona, namely INBLAU A and INBLAU B to Royal Metropolitan for a total of € 27 million.

The INBLAU A and INBLAU B office buildings have a gross lettable area of 6,600 and 8,900 m² respectively. The INBLAU A office building was built in 2001 and has occupancy of 81% while INBLAU B does not have any tenants.

The sale of these two office building fits within Rodamco Europe´s strategy of focussing on top quality retail. Following these disposals, Rodamco Europe´s standing property portfolio in Spain totals € 1,012 million, of which 87% is retail properties, 11% industrial and 2% offices.

Source: Rodamco

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