LÄNDERABFRAGE

Bitte autorisieren Sie sich, um Zugang zu den für Sie relevanten Fonds zu erhalten.

Herkunftsland:

Bestätigen

COUNTRY INQUIRY

Please authorize yourself to gain access to the funds relevant to you.

Country of residence:

Confirm

COUNTRY INQUIRY

Please authorize yourself to gain access to the funds relevant to you.

ABFRAGE INVESTORENSTATUS

Die auf der Internetseite der KGAL GmbH & Co. KG dargestellten Fonds richten sich ausschließlich an professionelle und semi-professionelle Anleger und sind nicht für Privatanleger geeignet.

KGAL GmbH & Co. KG übernimmt keine Haftung für die unberechtigte Nutzung der nachfolgenden Inhalte.

QUERY INVESTOR STATUS

The funds shown on the website of KGAL GmbH & Co. KG are exclusively for professional and semi-professional investors and not qualified for private investors.

KGAL GmbH & Co. KG assumes no responsibility for unauthorized use of the following content.

KGAL enters Spanish real estate market with the acquisition of Torre Esteve

High-quality, BREEAM-certified (“very good”), fully leased 19,400 sqm building in prime location – KGAL Investment Management GmbH & Co. KG is investing in the Spanish real estate market for the first time. The Torre Esteve building has been acquired on behalf of a pan European real estate AIF from Iberdrola Inmobiliaria S.A., a wholly owned subsidiary of the Spanish power generation company Iberdrola.

Barcelona has been developing into an attractive office, hotel and residential location for several years and is one of the most dynamic office real estate markets in Southern Europe. Having attracted approximately 1,300 registered startups in 2018, the city has become Europe’s fifth largest startup hub after London, Berlin, Paris and Amsterdam. The combination of a declining vacancy rate, rising prime rents and a positively developing economy characterise the Barcelona office market. “Barcelona has developed into a high-tech location in recent years. With the change in economic structures, Barcelona has also become more attractive to us as a foreign investor,” explains André Zücker, Managing Director of KGAL Investment Management GmbH & Co. KG with responsibility for the real estate asset class, the decision to acquire Torre Esteve. “Due to the lack of available modern office space in the central districts, we also expect rents to rise.”

Built in 2017 the Torre Esteve building is a multi-tenant property with a total area of 19,400 square metres of office and restaurant space over 14 upper floors. More than 60 percent of the space is leased to Esteve, the namesake Spanish international pharmaceutical company with a strong credit rating, while the second-largest tenant is the Spanish Registry Office. Due to the high quality of construction and fit-out, the property was awarded a BREEAM rating of very good.

Colliers (brokerage and rental appraisal), Hill International (technical appraisal) and DLA Piper Spain and NOMOS (legal and tax advice) acted as advisers in the transaction.

When using the images, please quote KGAL GmbH & Co. KG.

 


Attachment

Latest News

10.08.2021

KGAL seizes market opportunity with launch of first Impact Fund under Article 9 as part of its continued expansion in the renewables market

>> more
04.08.2021

KGAL acquires Taborland retail park in Steyr, Austria

>> more
20.07.2021

KGAL reinforces ESG focus with appointment of new ESG Officer

>> more
© Copyright 2021 - KGAL GmbH & Co. KG All rights reserved Data ProtectionImprint