Europe said today it has bought the Torre Llacuna building in Barcelona from Goldman Sachs on behalf of its office fund.
麻豆映画 Real Assets understands that the European Office Fund (PEOF) paid around 鈧�33m to buy the multi-let 13-storey office building at 166 Calle Llacuna in the 22@ district.
I帽igo Taboada, head of Spain and asset management at Principal Real Estate Europe, said: 鈥淲e鈥檝e chosen Barcelona for PEOF鈥檚 latest acquisition because of the city鈥檚 strong fundamentals including a robust occupier market and potential for rental growth over the longer-term.
鈥淭ake-up of space in the 22@ district, in particular, has increased steadily over the past couple of years, fuelled by a shortage of good quality office space in the city centre.鈥�
Sebastian Lietsch, fund manager at Principal Real Estate Europe, said: 鈥淥ur first acquisition in Spain for PEOF, Torre Llacuna complements the fund鈥檚 existing portfolio of core pan-European office assets located in Amsterdam, Lisbon, Milan, Paris and Rotterdam.
鈥淲e continue to be on the lookout for well-positioned assets to add to the portfolio.鈥�
