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Conren Tramway sells office building for €56M
24 July 2019 | Vanessa Sousa

Conren Tramway sold the Sancho de Ávila 65 (SA65) office building, located in Barcelona to Amundi, one of the largest French institutional investors.

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According to newspaper Expansión, this Tuesday, the building was sold for around 56 million euro.

SA65 is a 8.300 sqm building under construction with parking for 90 cars, 32 motorbikes and 100 bicycles. According to the release sent by the company, the asset also has a wide 400 sqm terrace, as well as dressing rooms and storage rooms for its users on the underground floors. The construction works are expected to be finished in December.

The building follows the technical requirements which enable it to be considered a Grade A office building, it follows the criteria for maximum energy saving and it will be awarded the LEED Gold environmental certification.

The plot of land over which the SA65 is being constructed was acquired by Conren Tramway from SAREB in December 2016.

At the same time, Conren Tramway closed the leasing contract for the whole of this building with Wojo, a French company dedicated to the coworking segment.

«The marketing of SA65 has attracted some of the most important tech companies on the market due to the quality of the building and its magnificent location at the heart of district 22@», stated Paco Hugas, partner at the company, in the company’s release.

Jaime-Enrique Hugas, partner at Conren Tramway comments about this deal, that «the purchase of SA65 by one of the 3 largest instutional investors in the world in a bilateral and off-market operation, confirms that district 22@ is already seen as the new prime business area in Barcelona. Our strategy as investors and developers focused on the office segment is to focus on building and repositioning working spaces in attractive locations in Barcelona and Madrid for companies which value their investors’ and employees’ well-being and the construction quality and environmental sustainability of our buildings».

 

Press Released by Conren Tramway