Tuesday, November 24, 2020
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Blackstone Considers Selling its Glòries Office Complex for €120 Million

Blackstone is maintaining its activity in the Spanish real estate market, where it returned to in 2012 after the last property crash and where it holds a billion euros worth of investments.

The US fund has decided to launch the sale of one of the office complexes that it owns in Barcelona. Specifically, Blackstone has put three office buildings located next to the Torre Glòries in Barcelona (formerly the Agbar tower) on the market. The properties are valued at around 120 million euros.

For the operation, Blackstone has hired the consulting firms CBRE and Savills Aguirre Newman, according to Expansión, and it has already started to receive the first offers.

Read the full article in Spanish.

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