Investment in a mixed-use portfolio from Colonial the real estate arm of La Caixa, the largest savings bank in Spain, comprising:

  • 244 residential flats (29,250 sqm)
  • 28,617 sqm of office space
  • 3,829 sqm of retail stores
  • 33,930 sqm of parking space (898 units)
  • 6,000 sqm of warehousing space
  • Prime position in Barcelona residential market, exhibiting robust demand and scarcity of space


  • Joint venture with local partners led by Bascanuna, a local development firm with over 40 years experience with assets of over 5 million sqm


  • Strategy is combination of longer term hold on residential, combined with refurbishment and reletting of office and retail space


  • 98% commercial sold so far; parking sold; over 64% residential sold; balance of residential to be sold in the next two years.


  • View Investment Memo (PDF, 1.8MB)


  • Patron Acquires Residential Portfolio for €207,500,000
    (Press Release, 169KB)


  • Patron Internal Press Article


  • Spanish Press Articles