Acciona, Tristan JV to develop Grade A office space in Barcelona

Acciona, Tristan JV to develop Grade A office space in Barcelona

Acciona Inmobiliaria, the real estate division of the listed Spanish company Acciona S.A., has formed a joint venture with Tristan Capital Partner’s pan-European real estate investment manager EPISO 5 fund to develop 31,000 square meters of Grade A office space in Barcelona’s 22@ district. The initiative requires an investment of over €100 million.

The development will be located at Calle Selva de Mar 125, north of Barcelona’s central Avenida Diagonal, with a metro station nearby.

The complex will include four office buildings, fit for both multiple and single tenants. The assets will be built to Grade A specifications and will aim to achieve the LEED Gold certification, which represents the highest quality and sustainability standards in the industry. Acciona will also be in charge of the project’s construction, and plans to complete the works by the fourth quarter of 2021.

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Barcelona’s 22@ district was an initiative promoted by the City Council in 2000 with the aim of transforming 200 hectares of industrial land in the Poblenou district – to the east of the city – into an innovative production area. Since its beginnings, 22@ has become one of the largest urban regeneration projects in Europe. It has already welcomed leading technology companies such as Amazon, Facebook, Oracle, Vodafone and SAP, among others.

With more than 25 years’ experience, Acciona’s real estate division has developed almost 10,000 properties – mainly residences – in Spain, Portugal, Poland and Mexico.