ES - GLL acquires BBVA retail unit in Barcelona

GLL Real Estate Partners has acquired a retail unit on Barcelona's Paseo de Gracia from Tree Inversiones Inmobilarias. The Spanish team of the CVO Group supported the investor with technical - and environmental due diligence services.

The asset is earmarked for SIS-Fund, a real estate investment fund of insurance firm Stuttgarter Versicherungsgruppe. Located at Paseo de Gracia 25, the property comprises 1,756 m² and is leased to banking group BBVA on a long-term lease. Besides by CVO the investor was supported by Retail Partners Europe (RPE).

Based on an article by Property EU of September 2013 -.