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A UBS Fund Buys The ‘Cornerstone’ Office Complex For €80M

Posted by: In: Real Estate 22 Jul 2015 Comments: 0 Tags: , , , , , , , , , , ,
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22 July 2015 – Expansión

A fund managed by the Swiss group UBS has purchased the Cornerstone office complex, in the [email protected] district of Barcelona, for €80 million. The asset was previously owned by the British fund Benson Elliot.

The building was developed by Benson Elliot and its construction was completed in 2013. A year and a half after opening, it has an occupancy rate of 70% and its tenants include ADP and Henkel. The transaction was advised by Cushman & Wakefield.

The office complex has a total surface area of 20,700 m2 and is located in the neighbourhood of Poblenou in Barcelona, known as the [email protected] district, one of the new business areas in the city.

Original story: Expansión (by Marisa Anglés)

Translation: Carmel Drake

The post A UBS Fund Buys The ‘Cornerstone’ Office Complex For €80M appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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