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[Haia]

Barcelona’s World Trade Center Up For Sale





The Port of Barcelona together with the other owners of the WTC (World Trade Center) in Barcelona have decided to put the building up for sale.
The office building is home to 40,000 square meters of offices, 4,5000 square meters of shops and 4,000 square meters of conference facilities. The building also has space for 900 cars and is home to a five star GL hotel.
The Port of Barcelona owns 52% of the WTC, with 16.51% belonging to FCC construction conglomerate, another 16.51% is owned by Acciona Trasmediterránea, 9.99% by Banco Santander bank and 4.71% belongs to the contruction firm Grupo ACS.
The building has an occupancy of 94% and the firm managing the property closed 2012 with €15.3M revenues and an EBITDA of €1.7M.
According to Spanish newspaper Expansión, the value of the property is around €61M.
The shareholders of the WTC have yet to announce a broker that will be handling the sale.

[Mary Naeem]

Thanks, Haia