The Catalana Occidente group buys the [email protected] Luxa Office Complex for 90 million euros

• This is one of the most important real estate operations of the year in Barcelona
• The complex will be housing Amazon and WeWork offices in the first quarter of 2018

The Catalana Occident Group has reached an agreement to acquire the Luxa office complex, in the [email protected] technological district of Barcelona, ​​for 90 million euros. The buildings were previously owned by the Castellví Group and the  Stoneweg and 1810 Capital Investments funds. This is one of the most important real estate operations of the year in the Catalan capital.

It is expected that work on the complex, which comprises two buildings, will be finished during the first quarter of 2018. The Luxa Silver building (10,000 m²) will then be the converted into Amazon’s Southern European SME Support Centre, while the Luxa Gold building (7,000 m²) will host the offices of the American multinational co-working company WeWork,  with its global network of work spaces.

The complex, which stands between Tánger and Badajoz streets, with 300 parking spaces, also comprises a third building, the WIP, which is also under construction. Castellví, the Stoneweg funds and 1810 Capital Investment, invested 60 million euros in the construction of the three buildings in the complex.

The Catalana Occidente Group already acquired another building in the [email protected] Barcelona technology district. At the beginning of the year, the insurance group purchased a property located on Pere IV street at La Llave de Oro for 21 million euros, and which is currently occupied by the technology company Atos Origin.

 

[10/20/2017]