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Franklin Templeton Acquires Headquarters of Catalonia’s Employment Offices

The property is a 9,900-m2 office complex located in Barcelona's 22@ district, which is currently leased to the Generalitat de Catalunya.

Office building in Barcelona’s 22@

Franklin Templeton has decided to invest in the Spanish real estate market, specifically in one of the most sought-after office niches: the 22@ financial district in Barcelona.

Franklin Templeton has acquired a 9,900-m2 office complex located in Barcelona’s 22@ district, which is currently leased to the Generalitat de Catalunya.

The building is currently 80% occupied by the Catalan Employment Agency (Servei Públic d’Ocupació de Catalunya), which will assume full occupancy of the property from October 2021 on a long-term basis.

“We are delighted to have closed a deal on this asset, which meets our clients’ objective of investing in buildings that facilitate social services and have a positive impact on society,” explains Raymond Jacobs, Managing Director of Franklin Real Asset Advisors, who believes that this is a good long-term investment in Spain.

Read the full article in Spanish

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