BC Partners Real Estate and FREO Group have successfully sold the Monumento, a prime ESG-driven office building in Barcelona, following a comprehensive transformation aimed at enhancing its market appeal.

Target Information

BC Partners Real Estate, in collaboration with their Spanish partner FREO Group, has successfully sold the Monumento, a distinguished Class A office building located at Gran Via de les Corts Catalanes 764 in the heart of Barcelona, Spain. With a total area of 13,400 square meters, this landmark property underwent a significant value-add repositioning and leasing strategy after it was acquired in November 2022.

Following the acquisition, BC Partners Real Estate implemented an extensive transformation to reshape Monumento into a modern office space focused on Environmental, Social, and Governance (ESG) principles. Notable renovations included a reimagined lobby and communal areas, upgraded façades and glazing, newly organized office floors, and enhanced tenant amenities, such as an on-site food and beverage service and a rooftop terrace offering stunning views of Barcelona. The building aims for LEED Platinum and Fitwel 2 Stars certifications, positioning it as one of the most sustainable office buildings in Barcelona's city center.

Industry Overview in Spain

The Spanish real estate market is characterized by its resilient recovery post-pandemic, with increasing demand for high-quality office spaces driven by the return to in-p