The Meridia Capital investment fund has acquired a city block of 43,400 square metres in Barcelona’s funky 22@ tech district near the beach to build offices and apartments.
The block is located in the Sant Marti Poble Nou district of Barcelona, home to the 22@ town project bring new economy companies to an area that used to be downmarket and depressed.
22@ is a growing success story that increasingly attracts some of the biggest names in the Spanish corporate world, including traditional names like Cuatro Casas, one of Spain’s best known legal firms.
Poble Nou’s location near Barcelona’s beaches has also made it a firm favourite with foreign buyers looking for a second home or investment in the city. It is also an increasingly popular district with well-off young local buyers.
Meridia capital bought the site for an undisclosed sum and plans to build 32,200 m2 of office space, and 11,200 m2 of residential space.
The site includes the former factory of Hielo Siberia (Siberian Ice) and Industrias Deslite, both of which are listed as part of the Special Plan Protection the Historic Artistic and Architectural Heritage of Barcelona. The new owners have guaranteed their redevelopment plan will conserve the façade and structure of both buildings.
This acquisition “represents a big opportunity to develop a mixed-use project in an area undergoing full transformation with growing demand,” says Juan Barba, Real Estate Director of Meridia Capital, and formerly of the Sareb. It will help to “develop the waterfront and 22@ as a real area of innovation in Barcelona.”