Meridia Capital acquires an office portfolio in Barcelona for €66 Million

Meridia Capital Partners , SGEIC, S.A., ( “Meridia Capital”) announced that it has acquired for € 66 Million a n office portfolio totalling 40, 000 sqm and 560 parking spaces , mostly in Barcelona.

All assets have been acquired through its latest real estate vehicle Meridia III .

The main assets acquired include, among others:

- Two buildings located within grade A Viladecans Business Park ( Barcelona ). The properties are in excellent conditions and have easy access to the city centre and the airport.

- The so called Alta 1 building in Esplugues (Barcelona) , located next to Nestlé’s Spanish headquarter s , acquired by Meridia earlier this year.

- Other office assets mainly in Barcelona.

With the current acquisition s the fund closes its second and third deals. Meridia III is a value - added real estate vehicle with a hard cap of €250m of equity and an investment capacity of €600m. Supported by some of the world’s most highly regarded institutional investors, the vehicle targets Spain, especially its two main markets: Madrid and Barcelona.

Juan Barba, Partner, Managing Director for Real Estate at Meridia Capital , said “We are delighted to be adding thes e buildings to our office portfolio in Barcelona . In Viladecans we have acquired two assets in a very high q uality business park. We will leverage on our experience and asset management skills to further improve occupancy. In Esplugues, we have acquired a n attractive asset in a strategic location – next to Nestlé’s Spanish headquarters (also owned by Meridia) - , and we plan to boost the area while we manage it as an office cluster .

After our latest acquisition, which mainly focused on the Madrid market, these acquisitions rebalance our office exposure between Madrid and Barcelona. With Meridia II w e already established ourselves as a competitive force in the Spanish office market. With Meridia III we continue expanding our presence in this segment, having acquired several office assets in just a few months.”

Advisors

Meridia has closed the cited portfolio in two separate deals from two different sellers. 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 wa s advised by CBRE and Garrigues, while the seller was advised by Aguirre Newman and Herbert Smith.

About Meridia Capital

Meridia Capital Partners, regulated by the Spanish Securities Market Commission (CNMV), is one of Spain’s leading alternative investments fund managers. With assets under management of €525 Million (equity), the group has an investment capacity of over €1 Billion and is one of the few diversified and largest fund managers in Spain.

Throughout its history, Meridia Capital has achieved above average returns and has gone from a mostly private invest or base to partnering with some of the world’s most highly regarded institutional investors. The firm has grown and evolved to become a successful multi - sector and multi - fund investment company.

Through its vehicles Meridia I, II and III, it boasts extensive experience in the real estate sector, having handled numerous transactions in both Spanish and foreign property markets. In 2016 Meridia Capital also launched M eridia Private Equity I, a €125 Million private equity fund that targets small cap companies headquartered in Spain.