Savills Aguirre Newman advises on sale of €100M AXA Portfolio, Barcelona

02 October 2019

The group of buildings, located in the city centre, has been sold to international real estate fund, KanAm Grund Group, based in Frankfurt.

Totalling more than 35,000 sq m, the properties are currently leased by the Catalonian Government and form part of a “lot” of buildings that AXA purchased in 2013. Among them include emblematic locations such as 158-160 Pau Claris (home to the Ministry of Justice). The rest of the buildings are located in 12-22 Carrera, 8 Doctor Joaquim, 71-73 Paralelo, 1 Plaza Pere Coromines, 11-13 Puig I Xoriguer, 62-28 Roger de Flor and 6-8 Portal de Santa Madrona.

Hipólito Sánchez, Head of Offices, Savills Aguirre Newman commented: “The deal confirms the sound evolution of the office investment market in Barcelona as well as growing interest of international investment funds choosing to operate here. International players made up 70% of total investment volume, confirming the turning point observed in 2018 in terms of investor origin, clearly demonstrating international confidence in the Barcelona market.”

Data from Savills Aguirre Newman shows that, during the first half of 2019, office investment operations in Barcelona totalled €620m, the best figure in recent years equalling the total number of transactions recorded in 2018.

 
 

Key Contacts

Hipólito Sánchez Bartolomé

Hipólito Sánchez Bartolomé

Director
Capital Markets

Barcelona

+34 934395454

 

Alejandro Campoy

Alejandro Campoy

Managing Director
Management

Madrid

+34 91 319 13 14