Tyrus Capital’s European Real Estate Strategies (TERES) has invested €15m in the development of Green Oasis - a new office campus in the prime area of Barcelona’s 22@ district. Tyrus has partnered with Glenwell Group on this investment, which announced the sale of the office project to CBRE Global Investors in forward purchase format last year. The investment marks the beginning of wider cooperation between Tyrus and Glenwell Group, which will seek to capitalise on value-add opportunities across the real estate market in the UK and Spain.
Green Oasis, which spans a total office area of over 15,000m², consists of three new buildings alongside three converted modernist warehouses, all expected to complete construction by Q3 2023. The campus, situated in the prime area of Barcelona’s highly sought after tech hub 22@ district, also includes more than 5,000m² of green space and outside terraces.
Jonathan Black, Principal of TERES, said: “We are delighted to be partnering with Glenwell Group on this exciting development of best-in-class office space situated in Barcelona’s burgeoning tech hub. We look forward to working with the Glenwell team on further attractive opportunities in both the UK and Spain, harnessing our deep collective experience in the European market.”
