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Swiss Life buys building in Barcelona for €49M
13 April 2020 |

Swiss Life closed one more purchase during this year’s first quarter, this time it was an office building in Barcelona, for which it paid a total 49 million euro.

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The office building Almogàvers 185 located at the heart of the Catalan capital was recently refurbished. The information was advanced by consultant CBRE in its latest note on the Barcelona office market. The identity of the asset’s seller was not disclosed.

This was considered one of the largest operations carried out in Barcelona during the first quarter, when a total 206 million euro were invested in the city, revealed the consultant last week.

Besides this operation, the Swiss consultant also invested on the acquisition of a 4 hotel portfolio located in Malaga, Mallorca and Girona, for 45.2 million euro from REIT Elaia.