Metrovacesa, Spain's largest property company, has acquired a plot of land in Barcelona for EUR 33 mln. The company purchased a 3,769 m[sup]2[/sup] plot in Barcelona's business district and intends to develop a business park on the site, the company said in a press release. The property has a build-on space of 10,178 m[sup]2[/sup].

Metrovacesa, Spain's largest property company, has acquired a plot of land in Barcelona for EUR 33 mln. The company purchased a 3,769 m2 plot in Barcelona's business district and intends to develop a business park on the site, the company said in a press release. The property has a build-on space of 10,178 m2.

This investment, which adds to a 14,000 m2 and 9,300 m2 business park developments in the same area, evidences Metrovacesa's bid for expansion in the capital of Catalunya, southern Spain. The group recently opened the 32,000 m2 Parc22@ located in the heart of the business district. Metrovacesa has assets valued at EUR 15.72 bn.