PRESS RELEASE HISPANIA ACQUIRES TWO OFFICE BUILDINGS IN BARCELONA FOR MILLION

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Linette Bradford
5 years ago
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1 PRESS RELEASE HISPANIA ACQUIRES TWO OFFICE BUILDINGS IN BARCELONA FOR MILLION Madrid, 27 th of June, Hispania, through its subsidiary Hispania Real SOCIMI, has acquired two office buildings located in the area of Plaza de Les Glòries in Barcelona. The deal has amounted to million, fully disbursed with Hispania s own funds. The total leasable area of both buildings amounts to 18,206 square metres, plus 4,700 square metres of underground space. The buildings are located in the intersection of Av. Diagonal with Gran Vía de Les Corts Catalanes and are part of the complex that includes the Shopping Centre Les Glòries, which is being fully refurbished. This upgrading will draw further value on the buildings which are part of the complex. The complex is located in an area that offers one of the highest growth prospects within the Barcelona office market, currently absorbing a significant share of take-up in the city, along with the CBD. This area is perfectly connected to the city centre through subway, bus and tram and is 20 minutes away from the El Prat Airport. Moreover, Les Glòries is going through a profound transformation as a result of the new design of its central square, which plans the undergrounding of the roads, which will be covered by a large park, giving continuity to the Av. Diagonal. Azora and its team, manager of Hispania, have a broad experience in the investment, repositioning and active management of office assets. This investment is the first step towards the creation of a high quality office portfolio by Hispania. Cushman & Wakefield acted as advisor of the selling part.

2 Aerial view of the acquired buildings: Facade of the building located in Av. Diagonal:

3 Facade of the building located in Av. Diagonal:

4 For further information: Hispania s Press Room: Phone number: Noemí Sánchez: noemi@irazustacomunicacion.com Nacho Miquel: nacho.miquel@irazustacomunicación.com Hispania s Investor Relations: Ana Roldán Phone number: anaroldan@azora.es Pablo García-Morales Osorio pablogarciamorales@azora.es About Hispania Hispania is a Spanish company that listed on the Spanish Stock Exchange on the 14 th March 2014 and currently has capital of 550 million. Hispania was incorporated with the objective of capturing investment opportunities in the Spanish real estate markets and create a portfolio of high quality assets in the residential, hotel and offices sectors. In accordance with best corporate governance practices, Hispania s Board of Directors, chaired by Rafael Miranda, is made of a majority of independent board members. Hispania is externally managed by Azora, which has granted it exclusivity for all of its investment deal flow in Spain, except for student housing ones. About Azora Grupo Azora (hereinafter Azora ) is a leading Spanish independent asset manager, founded in 2004 and with over million of assets under management as of today. Azora manages Hispania through its subsidiary Azora Gestión S.G.I.I.C., S.A., which is a regulated management company under the supervision of the Spanish Stock Exchange regulator (CNMV). Azora s platform is one of the largest in Spain, amounting to close to 300 professionals with extensive experience across the Real Estate value chain, including deal origination, restructuring and investment, new developments and repositioning, asset and property management as well as disposal of individual assets or portfolios. Azora is specialized in four assets classes: residential, hotels, offices and student housing. Azora currently manages the largest portfolio of residential properties under rental in Spain, comprising approximately units. Investors that have committed funds to Azora s investment vehicles in the past include Spanish and international financial institutions and asset managers, as well as family offices.

HISPANIA FORMALIZES THE FIRST PHASE OF THE AGREEMENT WITH BARCELÓ AND ACQUIRES 80.5% OF BAY, WHICH HOLDS ASSETS WITH A VALUE OF 215 MILLION

HISPANIA FORMALIZES THE FIRST PHASE OF THE AGREEMENT WITH BARCELÓ AND ACQUIRES 80.5% OF BAY, WHICH HOLDS ASSETS WITH A VALUE OF 215 MILLION This first phase includes the acquisition of 11 hotels, comprising