25
October
2016


Share on networks

  • • Last year, international capital made up 85% of all investment in Barcelona
  • • The price of buildings in Barcelona has returned to pre-crisis levels due to a lack of available assets

Real estate investment in Barcelona in 2015 totaled roughly €2 billion, with a notable increase in investment in offices (+52%) and the industrial and logistics segment (+43%). The trend has held steady throughout 2016, as has the influx of international capital, which last year made up 85% of all investment in Barcelona. The latest operations carried out in recent months confirm this.

In July, a Luxembourg-based investment fundacquired the Pullman Skipper hotel in Barcelona’s Port Olímpic area for €90 million. The hotel was previously owned by Axa Investment Managers Real Assets. Also in late July, pharmaceutical group Novartis sold its headquarters on Carrer Marina to the US investment fund Has Capital for approximately €13.5 million. The building has seven floors and 8,221 m2 of office space.

In early August, additionally, Deutsche Asset Management, a subsidiary of Deutsche Bank, sold the Diagonal Mar shopping center for €493 million. Deutsche Bank expects to invest an additional €30 million over the next four years. In September, the Russian investor operating under the brand Cosmopolitany acquired a block of 32 apartments located next to Sants Station for €13 million.

And in October, there have been two noteworthy operations so far. Firstly, a real estate fund with ties to Swiss Bank UBSpurchased a seven-floor building on Carrer Aribau for more than €55 million. And, British fund Benson Elliot has purchased the Silken Hotel, located next to the Agbar tower, from Bank of America Merrill Lynch for €80 million.

These operations confirm that real estate prices in Barcelona have returned to pre-crisis levels, driven in good part by the shortage of assets available for sale and the policies implemented by large funds, which prioritize real estate investment.

Share on networks

Related news

Llum verda a l’ampliació de l’aeroport del Prat: una inversió de 3.200 milions d’euros per assolir els 70 milions de passatgers

News

El Prat airport expansion gets green light: €3.2 billion to be invested to reach 70 million passengers

Barcelona, entre el ‘top cinc’ dels principals hubs de startups de la Unió Europea per segon any consecutiu

News

Barcelona among top five start-up hubs in European Union for second year in a row

El nou Campus Barcelona de Smith+Nephew consolida Catalunya com a referent de la innovació sanitària a Europa

News

New Smith+Nephew Barcelona Campus consolidates Catalonia as European benchmark in healthcare innovation

Les ciències de la vida a Catalunya es consoliden com a eix d’innovació i creixement: 220 milions d’inversió i 8,7% del PIB

News

Consolidation of life sciences in Catalonia as driving force for innovation and growth: €220 million invested and 8.7% of GDP

Barcelona Catalonia
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.