Castellana 51, the historic headquarters of LaCaixa, is expected to fetch over €200 mln in a sales process run by agent CBRE.
According to Spanish press reports, JP Morgan together with Therus, the Spanish REIT GMP, CBRE GI, Singapore’s GIC and Inmocaixa are vying to take control of the property which was built in 1976, and provides 18,703 m2 of office space spread over six floors and 206 parking spaces.
They were selected for the second round of offers out of a total of 10 interested parties, ElConfidential said. The sale, known as Project Gem, was launched earlier this year and is currently occupied by Criteria after CaixaBank moved to the Kio building last year.
