Meridia Capital closes the acquisition of Nestlé's Spanish headquarters in Barcelona

Meridia Capital Partners, SGEIC, S.A., (“Meridia Capital”) announced today that it has successfully closed the acquisition of Nestlé’s Spanish headquarters, located in Barcelona (Esplugues de Llobregat). The facilities include 5 buildings with a total built area of c.49,000 sqm and 579 parking spaces.

The complex, strategically located at the entrance of Barcelona, comprises 2 office buildings. The largest one is Nestlé’s headquarters in Spain and the second one, which is currently vacant, will be partly occupied by the Swiss multinational as well as by third parties. The other three assets are a convention centre, a showroom and a building with different amenities such as a restaurant, cafeteria and a bank branch. The 5 buildings are currently leased to Nestlé. Meridia Capital will carry out a CapEx programme to further improve the facilities.

Juan Barba, Partner, Managing Director for Real Estate at Meridia Capital, stated “We are pleased to formally announce the acquisition of Nestlé’s Spanish headquarters. We have bought very attractive real estate assets leased to a widely recognised and international AAA tenant. We are delighted to work together with a multinational group of worldwide stature such as Nestlé and hope to continue strengthening our excellent relationship with them in the years ahead. The acquired buildings are in an excellent location, only a few minutes away from one of Barcelona’s main business districts and with easy access to the centre. With these new assets in our portfolio, Meridia II is close to being fully invested.”

The Founding Partner & CEO of Meridia Capital, Javier Faus, said “There are still highly attractive opportunities in the Spanish real estate market, which we will continue seizing in the future through our new real estate vehicle, Meridia III.” 


Source: Meridia Capital