BARCELONA, ITALY-Foreign and national investor interest in the Spanish commercial real estate market is still strong. Bidding interest in Barcelona’s prime landmark office building at Avenida Diagonal 640 is intensifying.
The two German fund managers Deka and Rreef have made bids, with Deka’s said to be the highest. Realia, the owners of the building, consider that its value is $193 million, which makes it the largest ongoing sale in the Spanish commercial real estate investment market at the current time.
The Rreef bid is associated with Metroinvest, the investment group of Spanish savings bank La Caixa and two Spanish family offices, Gallardo (owners of Almirall) and Costafreda (founders of Panrico).
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