Nexity delivers 20,000 m[sup]2[/sup] scheme near Barcelona to UBS

French property company Nexity said it has completed a new 19,500 m² office complex located in Sant Cugat del Vallès, near Barcelona. The scheme, comprising the Kibo and Vinson buildings, was developed for UBS Euroinvest Immobilien, a real estate fund managed by UBS Global Asset Management.

The properties are part of the Vallsolana Garden business park project, which includes four office buildings as well as a 96-room hotel and services facility comprising a total surface of 86,500 m². Construction of the last two buildings and the hotel will commence now that the first two assets have been delivered to its new owner, UBS, Nexity said.

'Barcelona is the third most preferred location for European head offices of multinationals, and our choice for Vallsolana is based on medium and long-term fundamentals,' said Peter Rohrenbach, managing director of UBS Global Real Estate and responsible for European transactions.

Nexity España, the Spanish arm of Nexity, has developed over 200,000 m² of office, commercial and service buildings and renovated a further 520,000 m² of property over the past years across the Iberian peninsula.