AVW European Real Estate Fund, managed by Catella Real Estate AG Kapitalanlagegesellschaft, acquired Office building in Barcelona from Renta Corporación Real Estate, S.A. for €25.8 million.
December 22, 2021
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AVW European Real Estate Fund, managed by Catella Real Estate AG Kapitalanlagegesellschaft, acquired Office building in Barcelona from Renta Corporación Real Estate, S.A. (BME:REN) for €25.8 million on December 23, 2021. CMS and Hogan Lovells International LLP acted as legal advisor to Catella Real Estate AG Kapitalanlagegesellschaft and Savills Aguirre Newman acted as broker to Renta Corporación Real Estate, S.A.
AVW European Real Estate Fund, managed by Catella Real Estate AG Kapitalanlagegesellschaft, completed the acquisition of Office building in Barcelona from Renta Corporación Real Estate, S.A. (BME:REN) on December 23, 2021.
Renta Corporacion Real Estate SA is a Spain-based company engaged in the real estate sector. The Company main activities comprise the acquisition, rehabilitation and sale of real estate properties in central locations of major cities. Its properties portfolio includes residential and urban buildings, as well as offices and large-scale property complexes. The Company is a parent of Grupo Renta Corporacion, a group which comprises such entities as Renta Corporacion Real Estate Finance SL, RC Real Estate Deutschland GmbH, Renta Properties (UK) LTD and Medas Corporacion Sarl, among others. On March 27, 2013, the Company entered bankruptcy proceedings. In December 2013, the Commercial Court No. 9 9 declared that the common phase of the proceedings 203/2013, 204/2013, 205/2013 and 206/2013 of the Company, Renta Corporacion Real Estate Finance, Renta Corporacion Real Estate and Renta Corporacion Core Business, was completed. In July 2014, it emerged from insolvency.
AVW European Real Estate Fund, managed by Catella Real Estate AG Kapitalanlagegesellschaft, acquired Office building in Barcelona from Renta Corporación Real Estate, S.A. for €25.8 million.
RENTA CORPORACIÓN REAL ESTATE, S.A. 
