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KanAm buys Axa IM Alts’ 5-building Barcelona portfolio

Axa IM Alts has sold a portfolio of five office buildings in Barcelona let on a long-term basis to Generalitat de Cataluña, the regional government of Catalonia. The properties have been acquired by KanAm Grund’s Leading Cities Invest fund. The price has not been disclosed.

The office buildings are located in central Barcelona and provide approximately 31,700 sq m of space in total.

Axa IM Alts originally acquired the buildings on behalf of clients, as part of a portfolio of 13 buildings let to the Generalitat de Cataluña and has since refurbished the buildings and upgraded their sustainability credentials.