Two Barcelona office assets acquired via Tristan Capital Partners.
Commerz Real (though its open-ended fund HausInvest) signed a €130 million forward purchase deal with Conren Tramway for two independent office buildings with over 23.000 m², to be developed in Barcelona @22 district. The works are expected to start by mid 2020, and completion is estimated by end 2021.
CVO Group supported the Commerz Real with (technical) due diligence services. Project monitoring services will follow during the construction and hand over phase.