CBRE IM Acquires Prime Residential Portfolio in Barcelona’s Core Metropolitan Area
CBRE IM Acquires Prime Residential Portfolio in Barcelona’s Core Metropolitan Area
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CBRE IM Acquires Prime Residential Portfolio in Barcelona’s Core Metropolitan Area

Developing the portfolio is one of the main real estate developers in Spain, Culmia.
RE+D magazine
16.09.2022

CBRE Investment Management, on behalf of a fund sponsored by the firm, has acquired a portfolio of two residential assets currently under construction in Barcelona and Badalona.

Developing the portfolio is one of the main real estate developers in Spain, Culmia.

Culmia Barcelona comprises two assets in La Marina and Badalona, totaling 566 homes, of which 36% are destined to become affordable housing, and ancillary retail space accounting for less than 10% of the scheme.

Barcelona La Marina is a state-of-the art residential scheme that will offer new homes with a range of amenities to a full affordability spectrum, targeting a wide audience from young professionals to families and seniors. It is located 1.5km away from Gran Via de les Corts Catalanes, in the marina area, and residents will benefit from many shops, restaurants and bars in the surroundings and good public transport connections.

Badalona Gorg is located in an emerging high-end residential area close to the new recreational canal in Badalona to be completed in 2023. It is expected to attract high-income residents by offering a complete set of amenities. Badalona, the fourth largest city in Catalonia, is located immediately to the north-east of Barcelona. It has excellent private and public transport connectivity, positioning it as a touristic and long-term stay destination in previous years given its long beach and abundant leisure activities.