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Patrizia Acquires a Turnkey Residential Project in Barcelona for €74 Million

With a buildable surface area of 26,000 square metres, the project will comprise 208 homes along with commercial premises. The seller, the Spanish property developer Metropolitan House, will manage the construction, rental and maintenance of the project.

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The German investment fund Patrizia has bought a turnkey residential project in the municipality of Sant Joan Despí (Barcelona) from the Spanish property developer Metropolitan House for 74 million euros.

With a buildable surface area of 26,000 square metres, the project will comprise 208 homes along with commercial premises. The seller, which is providing the land, will  manage the construction, rental and maintenance of the project, which is scheduled to be completed during the third quarter of 2022.

Read the full article in Spanish.

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