Meridia Capital Partners announced the acquisition of a mixed-use portfolio of 33 assets located mainly in Madrid (with these accounting for more than 80% of total value) but also in Barcelona, Burgos, Valencia and Valladolid . This portfolio includes office, retail and residential assets as well as a land plot in Valencia. The total surface area amounts to around 38,413 sqm (50,000 sqm considering land development) and was owned by a Spanish family office.
The portfolio’s main asset consists of 5 buildings within a state-of-the-art business park in Madrid named Avalon. Located in Julian Camarillo district , a consolidated business area , the acquired buildings in Avalon Business Park have 25,785 sqm and 423 parking spaces .
Juan Barba, Partner , Managing Director for Real Estate at Meridia Capital , says “We are pleased to have once more successfully acquired a portfolio of real estate assets. This is an attractive opportunity to gain pace in Madrid’s office segment. After our latest acquisition, geared towards the Barcelona market, this new deal allows Meridia Capital to nicely rebalance our office portfolio more evenly between the two cities.”
The Founder and CEO of Meridia Capital, Javier Faus , states “ We are delighted with this new acquisition , which again reflects the interesting opportunities that the Spanish real estate sector currently offers. We continue to see value in this market as our team explores additional projects and we grow our portfolio .”
Meridia Capital was advised on th is deal by Aguirre Newman. Garrigues and Dokei were retained for due diligence and closing .
About Meridia Capital
Meridia Capital Partners is a Barcelona-based fund management group. It boasts extensive experience in the real estate sector, having handled numerous real estate transactions since 2001 in both Spanish and foreign property markets (Latin America especially). In May 2014, Meridia launched ‘ Meridia Iberian Real Estate Fund ’ (‘Meridia Fund II’) , endowed with 150 million euros of capital and investment capability of circa 400 million euros (including debt). This Fund invests in the Spanish real estate sector.
Meridia Capital also launched ‘ Meridia Impact Fund ’ ('MIF') at the end of 2014 , a new vehicle focused on the Spanish social investment sector which aims to identify innovative and entrepreneurial social organisations and provide them wit h financial and non - financial support.
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