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Announced

Completed

Generali Real Estate completa the acquisition of Step Up from CODIC Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Majority

Real Estate

Spain

Real Estate Holding and Development

Acquisition

Completed

office building

Cross Border

Private

Single Bidder

Synopsis

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Generali Real Estate, a real estate core plus fund, completa the acquisition of Step Up office building from CODIC Group, a firm engaged in the development of multifunctional projects, offices and commercial properties on a European level. Financial terms were not disclosed. The asset is a newly built office building, located in Carrer de Pamplona 104, in the prime core area of Barcelona 22@ district. This is one of the most innovative and high-tech districts in Europe and the main and fast-growing destination in Barcelona, sought-after by Spanish and international companies for their offices, but also hosting universities, residences, as well as rich cultural and leisure opportunities.

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