Investment boosts strongly in the office sector in Barcelona
Acquisition of two new offices at number 54 Paseo de Gracia
The investment group Gesiuris Real Estate has acquired an area of 440 square meters distributed in two new offices in the building located at number 54 Paseo de Gracia.
The operation has been advised by the consulting firm Cat Real Estate and the legal counsel Castella Abogados.
Barcelona, May 16, 2017.- The investment returns strongly in the office sector in the Catalan capital. The Gesiuris Real Estate investor group, made up of private investors, bets again on this niche market and does it with the acquisition of 440 square meters in two offices that will be coupled to achieve a diaphanous surface with magnificent views of the Batlló house.
The two offices, located at number 54 Paseo de Gracia, will be totally rehabilitated and put on the market for rent.
For closing the deal, Gesiuris Real Estate has had the real estate consulting firm Cat Real Estate that has brokered the sale and Castella Abogados has advised the legal part of the transaction. The group, which does not rule out becoming Socimi, has more assets all of them in offices and prime areas of Barcelona, where currently the availability rate in the center of Barcelona is less than 2% and even in some buildings there is a waiting list To be able to expand space.
According to Nacho Castella, CEO of Cat Real Estate and property manager of Gesiuris Real Estate, “the objective is to become a leading player in the purchase of office plants in the city of Barcelona.”
Predictions for 2017
Cat Real Estate continues to lead the real estate investment market in Barcelona and Madrid with a record year 2016 with more than 100 operations intermediated with a volume of real estate assets in management that exceeds 400 million euros. Faced with this increase in operations and with active demand, the Real Estate Group has expanded its main offices in Barcelona and has doubled its workforce.
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