Banco Sabadell has purchased its former Barcelona headquarters from the investment holding company of the Andorran Reig family for around EUR 20 mln. The head office located on Barcelona's Paseo de Gracia has remained vacant since the Spanish lender relocated to a new building five years ago.
Banco Sabadell has purchased its former Barcelona headquarters from the investment holding company of the Andorran Reig family for around EUR 20 mln. The head office located on Barcelona's Paseo de Gracia has remained vacant since the Spanish lender relocated to a new building five years ago.
Sabadell, which already owned the retail part on the ground floor of its former HQ property, is planning to sell the building in its entirety to a third party, financial newspaper Expansion reported.
According to the paper, Sabadell is already in negotiations with a number of international investors and family offices for the disposal of the property, with a final decision expected to be made by March 2010.
Reig Capital Group bought the asset in 2004 from G3T for EUR 15 mln. The company is retaining the management of the property.
