Europi Property Group (EPG), Arie Investimentos (Arie) and Kefren Capital Real Estate (KCRE) acquired this grade A building from a German Multinational firm in a partial sale and leaseback transaction in May 2023.

The asset comprises 13,100 square meters, above ground and has plenty of services such as canteen and meeting rooms. The building is strategically located, close to local, national and international transport infrastructure, as well as nearby amenities.

The JV plans to optimize the asset from an ESG perspective and achieve LEED Gold certification, aiming to deliver a world- class space that is sustainability-oriented, ready to meet the present and future demands existing and future occupiers seek, and at an attractive price point

Europi Property Group (EPG) Arie Investimentos (Arie) and Kefren Capital Real Estate (KCRE) own this iconic and modern office building located in an area that benefits from excellent transport links and amenities.

The asset comprises 9,556 square meters above ground, with almost 800 square meters per floor. It’s located in Cornella de Llobregat, a micro market that host a large number of multinational firms (the building is next to the headquarters of Bayer), due to the high quality of the buildings, as well as the connectivity to Barcelona City Centre.

Europi, Arié and Kefren have successfully enhanced a capex program in the building focused on improving the ESG credentials of the asset, achieving a BREEAM Excellent certification by implementing LED lighting throughout the entire building among other measures to improve the efficiency of the building, aligning it with the highest institutional standards. In addition, the lobby has been totally refurbished offering a best-in-class building, and sustainable space to enhance the tenant experience.

Kefren Capital Real Estate (KCRE) acquired this office building in October 2019 in an area undergoing a profound transformation and with one of the greatest potentials of all Madrid business districts.

The asset comprises 3,550 square meters above ground spread over three floors and 38 parking spaces included on the ground floor. It is located in a consolidated office area (next to the headquarters of McCann, NCR, Altadis or Licuas among others) which stands out for its easy access by public and private transport and the proximity to the center of the capital.

Kefren Capital Real Estate (KCRE) acquired the property, carried out a complete refurbishment of the building and repositioned the asset in the market by leasing it to leading digital training company with a solid lease contract.

During the transaction, Kefren Capital was advised by Hogan Lovells. On the other side, the seller was advised by Cushman & Wakefield. This purchase demonstrates the confidence of investors in the Spanish market in the medium and long term, especially in those locations with solid fundamentals that historically have had a strong demand from tenants.