Bain Capital Credit LP (“Bain Capital”) together with FREO Group (“FREO”) today announced the completion of their joint acquisition of the Estel Building on Avenida de Roma, in central Barcelona.
Bain Capital now owns real estate assets in Spain in excess of €2.3bn of asset value across multiple asset classes including high quality offices, residential development and leisure led hospitality.
The Estel building is iconic and one of the most recognisable buildings in Barcelona. Located in the city’s desirable Eixample district, the property is well connected and in close proximity to the Barcelona’s CBD, largest railway station Sants and multiple metro lines. The 14-storey building was originally developed as the headquarters of Spanish national telecommunications company Telefonica.
You can now read the full news release at the link below