Jones Lang LaSalle confirmed on Thursday that it has been mandated by the local Government of Catalonia to sell a real estate portfolio valued at about EUR 100 mln. The operation is expected to be the first of a series of disposals by debt-laden local authorities in Spain.
Jones Lang LaSalle confirmed on Thursday that it has been mandated by the local Government of Catalonia to sell a real estate portfolio valued at about EUR 100 mln. The operation is expected to be the first of a series of disposals by debt-laden local authorities in Spain.
Jones Lang LaSalle in partnership with law firm Roca Junyent has emerged ahead of Cushman & Wakefield, CB Richard Ellis, BNP Paribas and Aguirre Newman in the process to manage the divestment of the assets, which include a EUR 56 mln office scheme and a logistics facility in Sant Sadurní d’Anoia. The EUR 23 mln property is leased to Logaritme Serveis Logístics.
The portfolio also comprises nine small offices leased to the Catalan Occupational Service (Servei d’Ocupació de Catalunya), which is run by the Ministry of Work and Industry of the Catalan government. The assets are located in Vilanova i la Geltrú, Tortosa, Granollers, Sant Cugat del Vallès, Barberà del Vallès, Berga, Rubí, Esplugues de Llobregat and Cambrils.
