BARCELONA, ITALY-Foreign and national investor interest in theSpanish commercial real estate market is still strong. Biddinginterest in Barcelona’s prime landmark office building at AvenidaDiagonal 640 is intensifying.

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The two German fund managers Deka and Rreef have made bids, withDeka’s said to be the highest. Realia, the owners of the building,consider that its value is $193 million, which makes it the largestongoing sale in the Spanish commercial real estate investmentmarket at the current time.

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The Rreef bid is associated with Metroinvest, the investmentgroup of Spanish savings bank La Caixa and two Spanish familyoffices, Gallardo (owners of Almirall) and Costafreda (founders ofPanrico).

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