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Meridia III places office portfolio estimated at €200M on the market
31 October 2019 | Vanessa Sousa

A portfolio composed of 12 office buildings spread across Madrid and Barcelona was placed on the market by REIT Meridia III. This is currently the largest portfolio of this type within the Spanish market.

Office Building at number 75 Paseo de San Joan, Barcelona - Photo By Google Maps

The portfolio is called Projeto Square, and has a total combined area of 80.000 sqm, to which are added 1.200 parking spots. This portfolio might be sold for more than 200 million euro, revealed newspaper Cinco Días this Wednesday.

Consultant Savills Aguerre Newman will advise the REIT in this future operation.

Included in the buildings located in Madrid is the building located at Calle Julián Camarillo as well as the building known as Virgilio II. Within the group of assets located in Catalonian capital are the Diagonal Business Park, number 75 Paseo de San Joan and also 3 assets located at the Citypark and 2 buildings located in Viladecans. 

This REIT owned by Meridia – which has been listed at the Mercado Alternativo Bursátil since 2017 – had, until this year’s second semester a 339.1 million euro investment volume, with the office segment being its main focus.