Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Metropolis buys Diagonal 123 from BFO, the Bernat family's property company, for 55 million euros

Jenny Pizarro • 04/03/2021
The building, which offers exceptional views over Parc Central, was designed by the prestigious French architect Dominique Perrault with a balanced and elegant play of architectural volumes that conveys an image of great dynamism, giving energy and movement to its office spaces.

This unique building is one of the most emblematic in the area where Avenida Diagonal meets the 22@ District, the area with the highest demand for offices in the city. The area, in constant urban improvement, has successfully positioned itself as a new technological and innovation centre where the main rental and investment operations in Barcelona have been concentrated.

Following the purchase, Metropolis will undertake an exhaustive process of renovation and repositioning of the asset that will include the redesign of its common spaces and the implementation of improved quality and sustainability standards. All this taking into account the new paradigm that envisions a more flexible work environment, which enhances the experience, the feeling of belonging and collaborative spaces. The company's objective is to provide the best response to companies and the talent that makes them up, which, in the current context, are eager to return to the office, 

Diagonal 123 is currently BREEAM GOLD certified and offers 10,170 sqm of office and retail space together with 240 parking spaces and spacious terraces. The property, which was partially occupied by Vodafone until a few months ago, was developed by Hines and acquired by BFO in 2010. As of today, the property has an occupancy rate of around 50%.

The acquisition follows the largest capital increase in the history of Metropolis and the incorporation of new shareholders. In this way, the company consolidates its strategy of growth, diversification and internationalisation. In a context in which operations in international markets have been severely limited by the pandemic, the group has opted to continue growing in 22@, a district that stands out for the proliferation of quality buildings and the large presence of international investors. It also shares characteristics with other sites in Hamburg, Düsseldorf, Berlin, London and Paris, which are also dominated by global occupiers with knowledge economy activities and where Metropolis has previously acquired properties.
 
Bernat and Metropolis have been advised in this transaction by Jones Lang Lasalle, Cushman & Wakefield, TBA Facilites, Cuatrecasas and Deloitte Legal. The transaction was financed by CaixaBank. 

MEDIA CONTACT

Jenny Pizarro
Jenny Pizarro

Partner, Head of Business Development • Barcelona

How can we help you?

Global Occupier Services
Helping our clients make intelligent business decisions, get maximum value from the spaces they occupy and develop the best real estate strategy.
Learn More
Cushman & Wakefield, your real estate adviser
These days, asset management means far more than managing a building and the space it represents. All financial investment advisers have to add value to the service and create a positive experience for tenants and everyone who interacts with the building, whether inside or outside the asset.
Learn More
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS