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CBRE: Office Transactions in Barcelona Soar to Record Highs

Office transactions in Barcelona will end this year with record investments of 1.65 billion euros.

Barcelona City Council

Office transactions in Barcelona continue to break records. The average ticket per transaction reached its highest figure in recent years in 2021, at 56.9 million euros, according to CBRE.

This figure represents a growth of 172.2% compared to 2020 (€20.9 million) and an increase of 13.6% compared to the data prior to the outbreak of the pandemic (€50.1 million).

The notable growth in the average ticket is explained by the sale of the Pentagon portfolio, comprising five properties owned by the AXA insurance company, and leased to the Generalitat, to the KanAm investment fund for €280 million. Also noteworthy, was the acquisition by Allianz from Meridia of the Sea Towers complex, the headquarters of Everis Barcelona, for €180 million.

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