PASSEIG DE GRÀCIA 109
COMMERCIAL & OFFICE BUILDING

Barcelona

• We advised our client NORTIA BUSSINES CORPORATION as part of the acquisition process of the building to house the new flagship store and corporate headquarters of SEAT in Barcelona.
• We have developed in this project for Nortia both the real estate analysis and value recommendations of this acquisition as well as the tasks of accompaniment, management and supervision of the different phases of the asset acquisition in a “turn key” format.
• The fully renovated building comprises 3,800 square meters.
• The building is part of the emblematic project and new landmark of the city developed by the real estate local developer KKH.
• Next to it, a tower of luxury apartments managed by Mandarin Oriental brand has been projected. NORTIA Business Corporation is the investment arm of the Lao family, founder of the gambling, casino and betting group Cirsa, sold in 2019 to the international investment fund Blackstone.

WORLD TRADE CENTER

Barcelona

• Patrimony, in alliance with Miquel Cirera Planas, a professional with great experience in the financial sector of the real estate business, was awarded in 2019 in a public tender organized by the property of the WTC for the service of the corporate and financial management of this singular asset.
• CBRE is the responsible for the Property Management of the complex.
• World Trade Centre Barcelona is a business park located in the heart of the port of Barcelona distributed in four buildings with about 130,000 square meters of total surface including offices, a congress center, a 5-star hotel with 291 rooms and a large central square with amenities and restaurants.
• The ownership of Barcelona WTC is divided between the Port Authority, which is its majority shareholder, and the construction company FCC as a private partner.

Terrassa Plaza Retail Park

Barcelona

• Identification and acquisition of a plot of 60,000 square meters including assistance in the negotiation with the seller, a financial institution, with the goal of developing an iconic retail park with a total Gross Lettable Area (GLA) of 30,000 square meters.
• Preparation of feasibility study and business plan, including identification and initial negotiation agreements with anchor tenants from DIY retail and food and beverage industries.
• Search and identification of a specialized investor and developer (Citygrove) to acquire, develop and market the project.

MEDITERRÁNEA EMPRESARIAL 22@ BUILDING

Barcelona

• Office complex including four single tenant buildings located in the 22 @ District with a total area of 12,000 square meters, which was acquired from Inmobiliaria Colonial acting on behalf of a family office.
• Patrimony® advised the investor prior to the acquisition both in the search of the investment opportunity and the assessment of its real estate feasibility, as well as in the due diligence process.
• Subsequent asset management, including implementation and definition of an operational management model and a strategic business plan.

PROPERTY REGISTRY HEADQUARTERS

Barcelona

• Advisors to Mutua Pelayo on the acquisition of an 8,000 square meters office building in the Olympic Village, Barcelona.
• Our involvement in this operation is a clear example of the joint efforts along with one of the main insurance companies in Spain. We advised Mutua Pelayo as to identify a real estate investment opportunity with a good capital value growth potential, which may also become its HQ in Barcelona.
• As part of this instruction, we took part in the negotiation, due diligence and business plan creation processes.
• We became both asset and property managers throughout the whole life cycle of this investment, also leading the subsequent sale process of the property to the Spanish Socimi Grupo Lar.

SANT JOAN BUSINESS PARK

San Cugat del Vallés
Barcelona

• Advice on definition concept development and construction qualities of a new development comprising a modern office park with over 20,000 square meters located in the periphery of Barcelona.
• Development of the marketing plan, which was successfully culminated in 2014 with the acquisition of the building by the pharmaceutical company GRIFOLS, at that time extending its headquarters in the municipality of Sant Cugat.
• Patrimony® is retained as an external strategic advisor to R5R Real Estate Group on diverse corporate, strategic and financial issues, as well as to raise private equity to develop some of its real estate projects.

CIM VALLÉS LOGISTICS PARK

Sta. Perpètua de Mogoda
Barcelona

• Patrimony® was instructed to design a strategic and business plan to both reposition and enhance the services’ area included within the logistics park owned by Saba Parques Logísticos in Sta. Perpètua de Mogoda. This logistics park of over 200,000 square meters was built in the 90s and included an office building, hotel, restaurant, gas station and a parking lot suitable for heavy vehicles.
• Patrimony® implemented its business plan upon the basis of a specific modification of the current urban planning, which included the removal or update of specific land uses and facilities. It was also proposed to improve the access to and from the motorway, to replace the existing hotel operator, to implement measures aimed to further reduce office vacancy rate and to increase the buildable area with a new industrial building with a design consistent with the current requirements.

Axel Hotels Group

Barcelona

• Financial advisory to company management and owners as part of the previous analysis and search of alternatives in order to raise the necessary capital to internationally expand the hotel chain.

Aigües de Sabadell

Sabadell
Barcelona

• Assessment of the potentiality, value and liquidity of their real estate portfolio comprising any assets not directly related to their core business.
• The portfolio comprised circa 7,500 square meters under lease plus additional 10,000 square meters having a residential and commercial development potential.
• Our assessment included the verification of the town planning status plus any development potential for each and every asset. Both a liquidity calendar and strategic recommendations were also included in order to further optimise the final value of the portfolio as a whole.

AVINGUDA DIAGONAL 377

Barcelona

• Search of a private investor for the disposal of a landmark office building with an area of 1,000 square meters in a prime location.
• The feasibility study and the redevelopment proposal assumed its refurbishment into tourist accommodation.

JOAQUIM COSTA 44

Barcelona

• Property located in the Raval district of Barcelona and overlooking the Plaça dels Àngels, home of the famous MACBA (Museum of Contemporary Art) building.
• Part of the building used to be an old guesthouse with capacity for 25 rooms and 41 places. The building has been expanded and renovated by the new owner to a modern “hostel”.
• Patrimony, following the request of its client for the search of tourist investment opportunities, found this asset that was part of the portfolio of an international investment fund and dealt with the negotiations for its acquisition.
• The new owner is a British real estate company based in London and controlled by a well-known investor and businessman of the city.

BLANES PORT

Costa Brava

• Presentation of the investment opportunity and business plan, along with search and selection of a suitable equity partner to participate in the tender of the new administrative concession to manage and expand this marina to a total capacity of 325 moorings.
• Banca Mora agreed to provide the required capital resources to financially lead the project. Patrimony® carried out the analysis and financial feasibility studies, prepared all the necessary documentation and found a specialised managing partner meeting the requirements to make a successful bid in a public tender organised by the Generalitat de Catalunya.

PORTS IN THE BALEARIC ISLANDS

• Multiple feasibility reports, economic and financial surveys and business plans were made as part of the search for new investment opportunities in the industry.
• On behalf of our client OCIBAR, owner of substantial marinas in both the islands of Ibiza and Majorca, we completed a number of feasibility reports, economic and financial assessments and business plans for each identified investment opportunity.

MARINA BOCANA

Barcelona

• Preparation of the corresponding economic and financial feasibility reports for international investors as part of the necessary documentation to be provided in the public tender for the administrative concession and construction of an exclusive marina next to W Hotel in Barcelona.

PORT TARRACO

Tarragona

• Advice to our client OCIBAR, a Mallorcan company specialized in the management of marinas, in the acquisition of the Port Tarraco Marina from the Qatari Diar fund.
• Located in Tarragona, Catalonia, a destination in the heart of the western Mediterranean with an offer of 33 moorings for boats from 45 to 160 meters, Port Tarraco has become a reference port, especially during the winter season, for yachts of more than 80 meters that sail the Mediterranean during the summer.
• The facilities also have more than 10,000 square meters of commercial area and offices.