MERIDIA REAL ESTATE III SOCIMI (`Meridia III´) is a SOCIMI (Spanish REIT) launched in 2016 by the alternative investment fund manager Meridia Capital Partners SGEIC, SA. Meridia III is a €215m (incl. co-investment) real estate vehicle with an investment capacity of c.€400m. It targets all real estate segments in Madrid and Barcelona (Spain) in order to carry out value add projects.
Regulated by the CNMV (Spanish Securities Market Commission) and with over 11 years of proven experience in the real estate sector, Meridia Capital Partners SGEIC, S.A. is an independent fund manager managing assets of c.€1bn (including debt). In the last three years, it has been consolidated as one of the leading alternative investment fund managers in Spain.
MERIDIA REAL ESTATE III SOCIMI is governed by a Board of Directors (3 members) with extensive and proven experience in real estate in both Spanish and foreign property markets:
MADRID
In January 2019 Meridia Capital acquired a Hotel in Madrid´s Chamartin district. The asset is a three star hotel with total surface of 12,580 sqm split in 199 rooms. The transaction also includes 2 adjacent commercial spaces and 94 parking units. Meridia Capital plans to carry out diverse refurbishments actions in order to improve and reposition the asset leveraging on the team expertise and track record in the hospitality sector.
BARCELONA
In December 2018 we acquired several plots of land with a total buildable area of 24,605 sqm for €25.8M, the land is located in Barcelona´s 22@ district, one of the areas with highest potential within the city. Meridia Capital intends to carry out a transformation plan in order to develop the land for tertiary use and fully integrate it within the local community.
MADRID
In December 2018 we acquired a 26,367 sqm logistics platform in Corredor de Henares, close to Madrid. The area is considered to be the main logistics activity hub of the Spanish market and the acquited asset reinforces Meridia Capital’s consolidation in the logistics sector.
MADRID
In May 2018 we acquired an office building worth €26.5M through its real estate investment vehicle Meridia III. The 7,500 sqm asset is located in Madrid’s financial district. The asset has almost 7,500 sqm and consists of 4,800 sqm of office space and 2,500 sqm of commercial property. In addition, the building has 54 parking spaces.
MADRID REGION
In March 2018 we acquired a 27,500 sqm warehouse in Alovera (Guadalajara; 30 minutes from Madrid) for €10 million. The asset is located at the Corredor de Henares axis, an excellent and well connected industrial area. With this deal, Meridia III's logistics portfolio reaches 73,000 sqm.
BARCELONA
In November 2017 we acquired Barnasud shopping centre from Unibail-Rodamco. Barnasud, a 34,000 sqm mixed-use property located in Barcelona, was bought for €35 million. This deal represents the seventh purchase of the investment vehicle and the first retail asset bought in Barcelona, following the acquisition of Albufera Plaza and MiraMadrid shopping centres in Madrid through Meridia II.
BARCELONA
In July 2017 we acquired almost a whole 43,400 sqm block in Barcelona’s 22@ technological district. This prime asset at Barcelona’s sea front is located in one of the most relevant office and residential development areas of the city. This new transaction represents a great opportunity for mixed-use development (residential / office) in a fast growing area with increasing demand.
MADRID
In July 2017 we acquired a 8,300 sqm office building in Madrid. The asset was bought from Spanish leasing provider Lico and was leased to IBEX 35 listed consulting and technology company Indra Systems. With this deal, Meridia III had closed 6 transactions and was almost 50% committed.
MADRID
In June 2017 we acquired a 40,000 sqm logistics platform in Toledo, close to Madrid. The asset was bought from a Spanish developer and through Meridia’s latest real estate vehicle Meridia III. This deal perfectly suits our value-add strategy as it offers great potential for improvement.
BARCELONA
In October 2016 we acquired two office buildings located within grade A Viladecans Business Park (Barcelona). The assets have a total surface area of c.23,000 sqm and 280 parking spaces. They are in excellent conditions and have easy access to the city centre and the airport. We will leverage on our experience and asset management skills to further improve occupancy.
BARCELONA
In September 2016 we acquired an office portfolio located mainly in Barcelona. The portfolio has a total surface area of c. 17,400 sqm and also includes 280 parking spaces. The main asset, Alta 1, is a building in Esplugues (Barcelona) located next to Nestlé’s Spanish headquarters - acquired by Meridia earlier this year. This is a very attractive asset in a strategic location and we plan to boost the area while we manage it as an office cluster.
MADRID / BARCELONA
In April 2016 we announced the launch of Meridia III and the closing of its first deal. We acquired a portfolio of 9 assets in the metropolitan areas of Madrid and Barcelona. The portfolio, totalling c.42,000 sqm, includes 8 office buildings, a logistics warehouse and 581 parking space.
MERIDIA REAL ESTATE III SOCIMI
For any enquiry or request, please fill out the form.
E: info@meridiarealestateiiisocimi.com
Avenida Diagonal, 640
08017 Barcelona (Spain)
P: +34 93 484 15 00
Paseo de la Castellana, 91
28046 Madrid (Spain)
P: +34 91 076 60 61
