Yarrells Property advises Naturgy in the negotiation for its new headquarters in Barcelona

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Jun 252019
 

The leading energy company, Naturgy has sold its share in the Mare Nostrum Tower, it’s Barcelona HQ building, occupied since 2006 to relocate to a new HQ in Diagonal 525.

The company had a 45% stake and with 55% under ownership of Inmobiliaria Colonial. After the sale, the entire property has become part of the portfolio of Colonial.

Yarrells Property, as an advisor to the Group on real estate matters, accompanied the Naturgy real estate team both in the strategic process and in the contractual negotiations.

The building that will make new headquarters for Naturgy is also part of Colonial’s property and was acquired last year.

April 2019

Yarrells Property and Cat Real Estate partner up to market a portfolio of assets for URO Property Holdings

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Mar 122019
 

Yarrells Property and Cat Real Estate have partnered up to market a property portfolio for Spanish fund URO Property Holdings, a SOCIMI listed on the Mercado Alternativo Bursátil (MAB).

This portfolio comprises a number of retail units in and around Barcelona, and an apartment redevelopment project in L’Hospitalet de Llobregat town centre.

Sales of retail units to date total some 2MM€.

For more information about the residential development, visit the Webpage: https://urbanhospitalet.com/

Yarrells Property advises on the sale of an office building in central Madrid

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Mar 122019
 

Yarrells Property advised on strategy and through implementation for the sale of an office building in calle Goya, with the support of sales agent, JLL. The sale follows a lengthy negotiation, closing in the last quarter of 2018 for a price in excess of 20MM€.

The building, owned prior to the sale by UFD, of some 4.000m2 will be completely refurbished into a Co-Working center.

November 2018

Yarrells Property advises on the sale of a historical building in Madrid

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Mar 122019
 

Yarrells Property has advised on the sale of a building in Calle Ombú, in the Méndez Álvaro district of central Madrid, one of the fastest growing office areas in the city.

The building has a protected brick facade, previously of industrial use, was owned by the company GESS and will become the new headquarters of leading Spanish company Acciona.

Cushman and Wakefield acted as principal sales agent in a process coordinated by Yarrells Property.

The property sold for a price in excess of 20MM€.

December 2018

Yarrells Property advises on 200M€ sale and leaseback

 (Eng) NOTICIA DESTACADA LATERAL, Investment, News  Comments Off on Yarrells Property advises on 200M€ sale and leaseback
Jan 092017
 

Gas Natural Fenosa has sold it’s  signature buildings in Madrid in a major sale and leaseback operation worth over 200MM€.

The portfolio comprised 4 buildings with a total office area of approximately 55.000m2 of offices and 1700 parking spaces.

The buildings include the company’s Madrid headquarters at Avda San Luís 77 and the prominent office tower on Avenida de América 38, plus two smaller properties, Antoinio López 193 and Acanto 11.

Gas natural has agreed a lease contract for a minimum period of 10 years on all of the properties.

Yarrells Property, in the figure of Ian Cassidy, has coordinated the project from conception to conclusion, working with the property team at Gas Natural and liaising with sales agents Cushman and Wakefield and CBRE plus legal and technical internal and external teams.

Having gone to market in June 2016, inviting over 150 nvestors to take part, the sale was completed in December with the portfolio being split into two blocks. The San Luis HQ was sold to ZAMBAL SOCIMI S.L., a Spanish REIT managed by IBA Capital, whilst the rest of the portfolio was sold to a private investor.

December 2016