Spain

Meridia Capital invests €13M in offices in the upper area of Barcelona

Meridia Capital invests €13M in offices in the upper area of Barcelona

Last December, Meridia Capital closed the acquisition of an office building from the Angelini pharmaceutical company in the Sarrià neighborhood and, more specifically, at number 7-9 Osi Street. Meridia will refurbish the property and bring a corporate building called Upper Sarrià to the market.

The property has an area of ​​4,275 square meters divided into two buildings, in addition to nine parking spaces. Industry sources point out that Meridia Capital disbursed ten million euros for the asset, a figure to which another three million must now be added to reposition the property according to the parameters that a modern office building needs today.

The manager hopes that the reform of the property will be completed in June, so she hopes to be able to deliver it from the third quarter. The idea is to turn it into the corporate headquarters of one or two companies in the upper area of ​​Barcelona, ​​a residential area with few offices but attractive due to its central location and abundance of services. Savills Aguirre Newman and Forcadell are the consultants in charge of marketing it.

Meridia has carried out this operation through Merida IV, a new value-add style fund with resources of 250 million euros to invest in offices, logistics and hotels in, mainly, Madrid and Barcelona.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!