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Meridia negotiates the sale of 5 more assets to Partners Group
13 January 2020 | Vanessa Sousa

The transaction of 5 office buildings from Meridia Capital Group’s portfolio is now on the table. If concluded, the operation may be worth more than 100 million euro.

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The information was advanced last week by Spanish newspaper El Confidencial, which further informed that an internal audit was started concerning the assets. These belong to a 12 asset portfolio called Project Square, which the Spanish company placed on the market in October, which is estimated at 200 million euro and whose sale is being advised by consultant Savills Aguirre Newman.

The five buildings identities targeted by the Swiss company were not disclosed, but it is known that within this 12 asset portfolio are included: the building located at Calle Julián Camarillo as well as the building known as Virgilio II in Madrid; and within the group of assets located in the 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, as reported, at the time, by newspaper Cinco Días.

In reality, this is not the first operation negotiated by the two companies. In April they had already closed a mega-operation, for which Partners Group paid 215 million euro to the Spanish company to acquire 18 assets. According to the release issued by both companies, most of these assets are offices located mainly in Barcelona and Madrid.