Announced

Completed

Conren Tramway completed the acquisition of Torre Cerdá building from Generali.

Synopsis

Conren Tramway, a real estate value-added fund, completed the acquisition of Torre Cerdá building from Generali, a global insurance and asset management provider. Financial terms were not disclosed. The sale of Torre Cerdá is part of the company’s action plan for 2022, a year in which it has carried out several transactions of great relevance in the market, such as the purchase a few months ago of an office asset in Barcelona in the 22@ district, as part of the asset rotation strategy to continue growing in the real estate market.

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