Blackstone finalizes the purchase of the Tarragona Tower in Barcelona from UBS

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

UBS Global Asset Management bought the asset in 2015 for 72 million euros. If the transaction is closed, the bank would obtain a surplus of more than 25%.

Blackstone, a US fund manager, is negotiating with the UBS bank the purchase of the Tarragona Tower, near the Barcelona Sants Station, for a maximum of 110 million euros.

UBS Global Asset Management bought the asset in 2015 from Omega Capital, Alicia Koplowitz's family office, for 72 million euros, according to Cinco Días. The entity has invested 10 million euros in the reform of the property and now finalizes the transaction for a value between 100 million and 110 million euros. If the operation were closed for the highest amount, UBS would obtain a surplus of more than 25%.

The tower, opened in 1998, has an area of ​​18,150 square meters spread over 19 floors. The main tenant is Pepsico, in addition to other technology companies such as Acens (a subsidiary of Telefónica), Quercus and the Gentec laboratory.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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