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Hispania acquires two Barcelona office buildings for EUR40.15m

Hispania, through its subsidiary Hispania Real SOCIMI, has acquired two office buildings located in the area of Plaza de Les Glòries in Barcelona for EUR40.15 million.

The total leasable area of both buildings amounts to 18,206 square metres, plus 4,700 square metres of underground space.
The buildings are located in the intersection of Av. Diagonal with Gran Vía de Les Corts Catalanes and are part of the complex that includes the Shopping Centre Les Glòries, which is being fully refurbished. This upgrading will draw further value on the buildings which are part of the complex.
The complex is located in an area that offers one of the highest growth prospects within the Barcelona office market, currently absorbing a significant share of take-up in the city, along with the CBD.
Cushman & Wakefield acted as advisor of the selling part.

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