Commercial streets of Barcelona attract investors interest

As reported by Cat Real Estate retails positive activity in commercial streets on Barcelona’s prime areas is motivating a significant influx of capital from investors who buy this type of assets. Cat Real Estate is a real estate consultancy that manages more than 650 million euros in asset management

The Catalan capital continues to be a very attractive city for these groups, both for opening traditional stores and for their “flagship” stores. This is due to the fact that Barcelona is a must stop for retail brands. Proof of it is Portal del Àngel street which has rentals of €300/sqm/month, thus becoming the most expensive road in the entire Iberian Peninsula.

“This attraction of brands to Barcelona is lived in a very positive way by Cat Real Estate. In recent years, major retail brands have opened stores in #Barcelona, ​​and we have had the opportunity to advise different groups in the opening of their premises, “adds Nacho Castella, CEO of Cat Real Estate.

In fact, the consultancy has closed more than 50 operations of this type in the last four years, with an average return of 5%. Although they are currently closing operations at 4% and have a mandate of 40 million euros to invest this year in the Catalan city. Due to a low profitability environment of other investments there is a large flow of capital going into real estate. Within real estate it is the high street segment (locals in the most commercial axes) in Barcelona that is attracting investors.

The retail brands that have opted for Barcelona

Nueva tienda de Sita Murt/ en el Born

New Sita Murt/ shop in Born

Among the groups advised by the consultancy firm Sita Murt the female fashion brand is included. It’s latest opening being in Rec 34 del Born street.

Another of the groups advised has been Calzedonia in its premises of Rambla Catalunya 61. This brand is characterized by locating in the best areas of the city. This is due to the fact that if brands want to differentiate themselves from the rest and sell one of the most important points is store location. Large companies take even more than a year to choose a perfect location for their stores.

These type of companies seek  for premises with two requirements: visibility of the premises and a location with high traffic of people.

Areas such as Rambla, Portal del Ángel, Plaza Cataluña, Paseo de Gracia or Rambla Cataluña, are central areas, very well valued for their location of commercial premises, as this meet both requirements. The vast majority of commercial spaces are spacious premises, with large sideboards and wide sidewalks through which a large number of pedestrians circulate.

About Cat Real Estate

Cat Real Estate is a real estate consultancy based in Barcelona that this year celebrates fifteen years of existence. The company specializes in the management of real estate assets for the family office and manages a net worth of € 650 million.

In 2018, the consultancy created Cat Real Estate Proptech, an incubator of real estate startups that seeks to provide coverage and support to new business models in its early stages of life (pre-seed or seed phase). Currently there are three new companies within the incubator: Melibero, Rentando and Yourhoming.

The company’s management is in charge of: Nacho Castella Casas. Professional of the sector with more than twenty-five years of experience in the real estate sector of Barcelona. He worked for six years in Busquets Gálvez as a Commercial Director and two years in Landscape (Real Estate subsidiary of the Banco Sabadell Group) as Commercial Manager of the Group’s Equity. He holds a Law Degree from UPF and a Masters in real estate management from UB. He has intervened in advising important location operations for large companies in Barcelona.

 

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ARTÍCULO ESCRITO POR CAT REAL ESTATE

Ignacio Castella, CEO - CAT REAL ESTATE

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