Barcelona Catalonia gets boost from recovery in real estate market

The real estate market in the office, industrial and logistics segments has definitely revived in Barcelona and Catalonia. This makes it particularly significant that Barcelona Catalonia, an initiative promoted by the Government of Catalonia through Incasòl and the Barcelona City Council, will be present at Expo Real from today through Wednesday 7 October in Munich.

This year, the Barcelona Catalonia presence at Expo Real will include Cimalsa, a public company of the Government of Catalonia that promotes and manages cargo transport and logistics infrastructures. The initiative will present projects looking to boost innovative activities, economic growth tied to research and new technology, and strategic transport hubs and business parks, with a total of 2 million sq m of land for industrial and logistics uses and more than 3 million sq m for offices. Some examples include: Ca n'Alemany, in Viladecans; Mas Blau, in El Prat de Llobregat and Parc de l'Alba, in Cerdanyola del Vallès.

Particularly noteworthy among these is Parc de l'Alba, which offers new investment opportunities with 1.5 million sq m of floor space available for housing and economic activities in industry, retail and logistics. It is a strategic project for Catalonia and one of the most advanced science, technology and business platforms in Europe, with the capacity to create 40,000 new jobs for highly qualified workers. The government's commitment and investment in this project has made it possible to build the Alba Synchrotron and to attract companies like IBM, Silc, Sener and T-Systems. It is worth noting that Incasol has recently sold approximately 38.000 sq m of floor in the park to Stradivarius, a fashion brand in the Inditex group, to build their new design center.

Barcelona Catalonia promotes the development of strategic projects for a new city and country model with close ties to the knowledge economy, in order to position Barcelona and Catalonia as hubs of innovation, promote new real estate developments, encourage the investment of foreign capital and attract cutting-edge companies. 

Source: Property Magazine