2022-07-06 0:00 CET, Spain | Investment Management | Press release
Sant Cugat Green, owned by a Singaporean investor, is managed by Catella AM Iberia from 2019. The long-term lease agreement has been signed with OXIGEN DATA CENTER.
Catella Asset Management Iberia (Catella AM Iberia), a firm focused on real estate investment and asset management, has managed the lease of 5,300 sqm in the Sant Cugat Green building in Barcelona, where the data centre of the joint venture of two Spanish technology companies will be located. The owner of this and four other buildings in Spain is a real estate investment company listed in Singapore.
The lease represents approximately 20% of the total rental area of the asset.
The 5,300 square metre space is located in the Sant Cugat Green building in Barcelona, a modern, practical and sustainable building managed by Catella AM Iberia since 2019. It is located in a relevant socio-economic area, within a modern and technological environment and less than 30 minutes drive from Barcelona airport. The space used to be a data centre operated by relevant companies in the market, but since 2016 it has no longer been operational. The good characteristics of the space in terms of location and connectivity have been key to upgrade an old space into a modern "Tier 3" with a starting point power of 5MW and green footprint.
With this new contract, the asset, with a gross rental area of 26,200 square metres, now has almost 100% occupancy.
Eduardo Guardiola, Managing Partner of Catella AM Iberia, says: "We see a great opportunity in this segment due to the dependence on new technologies and the massive use of the internet in hyper-connected societies. We are proud that technology and cybersecurity providers choose one of our managed buildings to offer their services".
With this deal, Catella AM Iberia strengthens its relationship with one of its most important clients.
About Catella AM Iberia
Catella AM Iberia is a subsidiary of Sweden's Catella AB focused on independent investment advice and management of investments in real estate assets, both on behalf of third parties and other Catella Group companies. Established in 2015, Catella AM currently manages around €700 million in assets in Spain and Portugal through various vehicles.
Catella AM Iberia has a team with extensive experience which allows it to manage the entire investment cycle, from opportunity identification, structuring of investment vehicles, acquisition, restructuring, financing, asset management and repositioning to eventual divestment of assets under management.
The Company specialises in various verticals, highlighting its investment and management capabilities in Residential for Lease, Offices, Student Residences, Logistics and Retail.
https://www.catella.com/es/espana/asset-management
For more information, please contact:
Carlota Vicén (+34 609609547)
COMCO