office market

Demand for offices in Barcelona 22@ technological and business district grew 136% in 2014

March 16, 2015 06:36 PM | ACN / Lydia Abellán

The 22@ technological and business district of Barcelona, which is located between Glòries and the Fòrum areas and around the streets of Diagonal and Pere IV, grew by 136% more in 2014 than in the previous year. The area has accumulated 88% of the pre-leased offices and has also attracted 34% of operations in the Catalan capital. This huge growth could come to a stop in a year because some experts warn that there will not be enough space available if there is no new construction. The increase in this area of the city is almost three times higher than the average in Barcelona, which grew to 53.76%. The Information and Communications Technology sector leads office acquisition, with 28% of total real estate investment used to set up offices in Barcelona being accounted for by this sector.

Barcelona’s office rental sector improves as Colonial releases 23 million new shares and purchases €10 million office

February 6, 2015 05:53 PM | ACN / Daan van Leeuwen

Barcelona’s office rental sector is improving after years of decline. Real estate company Inmobiliaria Colonial has set the tone by releasing 23 million new shares. Colonial is one of Europe’s leading companies in the office rental market and besides the new shares, they have also bought the main office of food multinational company Gallina Blanca. The property, positioned on L’Hopitalet del Llobregat’s Plaça Europa, one of Greater Barcelona’s business districts, has an area of almost 5,000 square metres and has been sold for €10.4 million. The shares and the purchase both belong to a new strategy to recover from the crisis and get the market back on track.