Metrópolis’ €55 Million Acquisition of Diagonal 123 Building

Cuatrecasas advised Metrópolis on the deal.

Metrópolis executed the acquisition of the Diagonal 123 building from BFO, the Bernat family’s asset holding company. The acquisition of the offices located in the 22@ district of Barcelona was closed at €55 million.

The Metrópolis project includes reforming the building, re-designing its common spaces and improving the building’s quality and sustainability standards. With this acquisition, together with its recent historical capital increase and the incorporation of new shareholders, the company consolidates its strategy for growth, diversification and international expansion.

Cuatrecasas advised Metrópolis with lawyers Gerard Hernandez (Picture), Antonio Gil, Lluís Puig, José Luis García de Cal and Claudio Hoyos.

Involved fees earner: José Luis García de Cal – Cuatrecasas; Antonio Gil – Cuatrecasas; Gerard Hernandez – Cuatrecasas; Claudio Hoyos – Cuatrecasas; Lluis Puig – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: Grupo Metropolis;

Author: Federica Tiefenthaler