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Barcelona City Council Acquires a Residential Building for Almost 10 Million Euros

The asset acquired by the Barcelona City Council is a 3,976 square metre, 33-flat building located at 48 calle Diputació.

Barcelona City Council

The Barcelona City Council has once again exercised its right of first refusal to acquire a residential building in the Eixample district. It will pay 9.95 million euros and intends to use it for subsidised housing.

The 3,976 square metre building is located at number 48 Calle Diputación. According to the newspaper Expansión, it consists of 33 homes, including an attic and a loft, a shop and two warehouses.

Until now, the building had been owned by the Esteva and Heras families, who had already an offer from an interested company, which the City Council subsequently trumped.

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