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Advisory services to the German fund KGAL in the acquisition of Torre Esteve in Barcelona

Torre Esteve

Colliers, (NASDAQ: CIGI; TSX: CIGI), a global leader in real estate investment management and advisory services, has advised the German fund, KGAL Investment Management GmbH & Co.KG, in the acquisition of Torre Esteve in Barcelona. The building, until now owned by Iberdrola Inmobiliaria, has a gross leasable area of 19,423 m2, distributed over 13 floors of offices and a floor of commercial premises. Currently the asset is occupied by Esteve Laboratories and the Association of Property and Mercantile Registrars of Spain.

Torre Esteve is part of the BcnFira District, the largest office complex currently under development in Barcelona. BcnFira District is made up of four newly built buildings totaling more than 90,000 m2. The 4 assets of the complex stand out for their grade A energy rating, their first-level certifications and form a unique business district in Barcelona for sustainability and functionality.

Germán Fernández, Managing Director of the Barcelona office at Colliers explains: “With this operation, our Barcelona office consolidates itself as a leading advisor in complex transactions within the Capital Markets and Corporate Finance area. For its part, KGAL has been able to take advantage of the opportunities offered by the Barcelona office market and, specifically, the Barcelona Fira District. In this sense, investment in the office segment, during this first half of 2021, already exceeds the figure of 600 million euros, well above the 290 million that were invested in the same period of 2020. of Barcelona to attract institutional capital and the potential that investors see compared to other European cities ”.

“We are delighted to have advised KGAL on this first operation in Spain, both due to its size and the relevant market in which it operates. The capabilities of our Capital Markets team, the knowledge of the asset by our Barcelona office together with the power of the international Colliers network, have been decisive in the generation and materialization of this important transaction, which highlights the interest of foreign investors in Spain and opens the door to new large-scale operations given the enormous liquidity in the market ”- says Alberto Díaz, General Director of Capital Markets at Colliers.

The investor, KGAL, has a portfolio of assets under management of over € 11 billion and assets under management of more than € 4 billion. KGAL has a presence in the real estate sector and also in others such as energy or aviation. With this operation, KGAL formalizes its first transaction in the Spanish real estate market.

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Alberto Díaz

Managing Director | Capital Markets


Alberto Díaz is Managing Director of the Capital Markets Department at Colliers International. He has more than 15 years of experience and has developed most of his professional career in irea, a company integrated into the current Colliers in 2018 and in which he became Senior Director of the Corporate Finance division.

His experience is focused on real estate assets  and corporate transactions, as well as financing structuring and distressed situations, having advised on transactions for more than 15,000 million euros.

In recent years he has specialised in structuring investment operations in the real estate sector, leading the relationship with international funds and creating alliances between developers and local equity companies and institutional funds.

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German Fernandez

Managing Director


Germán Fernández is the Managing Director in Colliers International Barcelona’s office. With more than 20 years of experience in the Real Estate sector, Germán has deep expertise in Commercial, Strategic and Financial area.

Previously, he was in charge of the Real Estate advisory company Niöra Real Estate, as the Managing Director, since 2018 when Niöra joined Colliers International.

He also occupied several top senior positions in Real Estate developing firms as Jujosa Constructora, Reyal Urbis, Altamira Real Estate (Banco Santander) o Altamira Asset Management (Grupo Apollo Santander), where he was in charge of the Catalonian and Balearic Island zone, managing a 1,599M€ portfolio.

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Alejandra Folgado

Marketing & Comms. Director Spain & Portugal


As Marketing and Communications Director Alejandra is responsible for building a marketing and Comm. strategy that grows brand awareness; drives lead generation and works across business lines to support Colliers International in Spain  achieve its growth and customer acquisition goals.

She began her career at Atlas Capital Close Brothers in 2001 and joined to irea in 2006, where she was Knowledge & Organization Manager for almost 4 years. After a 5 years  of professional and personal experience in Italy, she returns to irea as Marketing & Communications Manager.

From January 2015 she has been Head of Marketing and Communications at irea until March 2018, when the spanish firm integrates in Colliers International.

Alejandra studied at Carlos III University (Madrid)  where she has a bachelor degree in Information Sciences. She holds an International Marketing and Communications Master from Polimoda Business School (Italy).

She has worked in Marketing and PR across various industries including Financing, Real Estate, Fashion and Hospitality. Alejandra  also has experience in managing and coordinating  events including conference, congress and trade fairs.

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