Meridia Capital Partners has acquired an office assets mainly in its home town of Barcelona for €66 mln.
The portfolio offers 40,000 m2 of leaseable space and 560 parking spaces. Meridia acquired the assets in two separate deals from two different sellers on behalf of its Meridia III fund.
Two buildings are located within the Viladecans Business Park in Barcelona, which Meridia said affords easy access to the city centre and the airport. One of the portfolio assets, Alta 1 located in the Barcelona metropolitan district of Esplugues, is next to Nestlé's Spanish headquarters, acquired by Meridia earlier this year.
With the current acquisitions the fund closes its second and third deals. Meridia III is a value-added real estate vehicle with a hard cap of €250 mln of equity and an investment capacity of €600 mln. The vehicle targets Spain, especially its two main markets of Madrid and Barcelona.
In the first deal Meridia was advised by JLL and Roca Advocats, while the seller was advised by Ribe Salat Inmobiliaria. In the second deal Meridia was advised by CBRE and Garrigues, while the seller was advised by Aguirre Newman and Herbert Smith.
