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Swiss Life buys 50 million euro Barcelona office space

Reuters
·1-min read

MADRID (Reuters) - Swiss Life Asset Managers <SLHN.S> said on Thursday it bought an 8,524 square-metre property in Barcelona's 22@ business district from German asset manager Freo, in one of the first major office real-estate deals since Spain emerged from lockdown in June.

The deal was valued at around 50 million euros (46 million pounds) and was signed earlier this week, a source close to the transaction said.

The building's current tenant, digital advertising firm Criteo <CRTO.O>, will remain headquartered there, in the middle of Barcelona's 22@ district, the Spanish home of tech startups and multinationals including Amazon.

Real-estate services firm Cushman & Wakefield <CWK.N> advised Freo on the sale.

(Reporting by Clara-Laeila Laudette; editing by Nathan Allen;Editing by Elaine Hardcastle)