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Colonial acquires Torre Marenostrum in Barcelona
03 May 2019 | Vanessa Sousa

This Tuesday, Spanish Colonial closed the purchase of 45% of Torre Marenostrum, located at number 2 Carrer dels Pinzón in Barcelona, for an undisclosed amount.

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With this operation, the Spanish REIT now owns the whole building, since it already owned 55% of it.

Until now, this parcel of the asset belonged to energy multinational company Naturgy, which installed its headquarters in this 22.000 sqm building in 2005, when it was constructed by the Spanish REIT.

According to newspaper Cinco Días, Naturgy sold its parcel, because it will move its facilities to other locations within the Catalan capital. Diagonal 525 building, located on the Les Corts area, is one of those locations and it is also part of Colonial’s current portfolio.