Investment received for regeneration project

UDIN has joined forces with Hines for the development of a site in the 22@ district of Barcelona in Spain.

The development will include offices and the potential for other commercial uses. Permission has been given to build up to 30,770sq m of space and occupies almost an entire city block of more than 8,000sq m, is set to lead the urban regeneration of this dynamic part of the city.

Located in the strategically placed Cristobal de Moura, the future green axis of the area, the aspiration is to build a cutting-edge project, divided into several buildings offering modern flexible space. The aim of the project is to design a space with the future needs of the workplace in mind and obtaining the highest environmental, wellness and connectivity certificates.

Lars Huber, CEO of Hines Europe, said: “We are very pleased to be investing in the 22@ district, one of Europe’s most exciting regeneration projects. Across Europe and the world, Hines has a strong track record of delivering major urban regeneration schemes, and we will be bringing our international expertise to this dynamic new area of Barcelona. This agreement further consolidates Hines’ presence in Spain and complements our existing assets in Barcelona where our projects amount to over 118,000sq m of GLA, and where we see great long-term potential for growth.”

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