KPMG, RJ counsel on €34m Real Estate deal in 22@

KPMG has advised Patrizia on its purchase of a ‘build-to-rent’ building in Barcelona, while Roca Junyent has advised the seller, Mimeisa Asset Management

The German management fund has acquired a residential building for rent in Barcelona for €34 million. The property is located in the city’s technology district 22@ and covers an area of 7,054 square metres.

The build-to-rent building, developed by Mimeisa Asset Management, has seven floors and includes 59 homes, 66 parking spaces and 30 storage rooms and a buildable area of 7,054 square metres.
The asset has the Breeam sustainability seal, with a rating of ‘very good’. With this acquisition, Patrizia adds seven assets from different segments in Barcelona’s technology district, all of them valued at €200 million.

Eduardo de Roda, Patrizia’s head of Spain and Portugal, indicated that: “with this transaction, we continue our bet in the Spanish residential market, in the city of Barcelona and specifically in the 22@ district”.

The operation was advised by KPMG and BNP Paribas representing the German fund, while Mimeisa Asset Management was advised by Roca Junyent.

KPMG Abogados advised Patrizia with a team led by Carlos Bardavío (pictured left), partner and head of Real Estate, María Llorens, senior manager of the Real Estate practice, Victoria Clemente, senior manager of the Public Law practice, and Beatriz Ron and Elvira Puerta, senior associate and associate of the Real Estate practice.

Roca Junyent’s Real Estate team was led by Real Estate partner Xavier Serramalera (pictured right), senior associate Esther Boix and lawyer Raquel Gavaldà.