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Wednesday, April 17, 2024

RocaJunyent guides Zurich´s RE acquisition in Barcelona´s @22

RocaJunyent has advised Zurich Insurance on its acquisition of an office complex in Barcelona´s @22 from Urbania

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Urbania has sold the office complex at 105 Sancho de Ávila to a fund managed by Zurich Insurance. The transaction has been advised by CBRE on the seller’s side and by Roca Junyent on the buyer’s legal side. This transaction demonstrates the interest of large investment funds in the 22@ technology district in Barcelona.

“This operation corroborates the idea that 22@ is a prime area. Institutional funds, the protagonists of this operation, want a lot of security, so it is normal for them to invest in prime locations and properties like this one,” said the head of CBRE Barcelona, Xavier Güell.

Located on the grounds of the former Llorenç Pons i Clerch soap factory and designed by BCA Blanch + Conca Arquitectura, this property has 2,331 square metres distributed between the ground floor and six floors and several terraces totalling 745 square metres. The project will be LEED Gold accredited and will be occupied by a single tenant.

“Companies are increasingly demanding higher quality buildings, both in terms of certification and performance. This building meets these criteria perfectly,” said Alex Pazos, Director of Capital Markets at CBRE Barcelona.

RocaJunyent advised the buyer with a team comprising partner Roger Pla and associate Anna Estorach

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