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Merlin reinforces coworking in Barcelona with €15M
05 March 2020 | Vanessa Sousa

Merlin Properties purchased its fourth coworking space in Barcelona, located at number 9 Plaça Catalunya for 15 million euro.

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The news was reported by Expansión, which further informed that the unit has 3.048 sqm and will feature 340 coworking spaces, for an additional investment of around 3 million euro. Bank BBVA was responsible for selling this asset.

This space – like the others from the Spanish REIT – will be managed by brand Loom, specialized in this segment. One of the next coworking spaces to open soon will be located at Torre Chamatín in Madrid and it will be the seventh coworking space the REIT will open in the Spanish capital.

Despite this new acquisition, Merlin’s focus for 2020 will be towards adding value to its own current portfolio.