WeWork will be the new tenant of the D371 Building in Barcelona, a building owned by the Alting Real Estate Group.
Cushman Wakefield and Savills Aguirre Newman have been the intermediary of the operation.
The global shared workspace company, WeWork, is present in 29 countries and 111 cities worldwide, and home to over 527,000 members. In Spain, WeWork is home to over 6,000 members. WeWork is leasing six floors of the building, which boasts a leisure terrace with spectacular views of Barcelona.
In the last decade, the upturn of the flexible workspaces has transformed the office market worldwide and also in Spain with a total of 142 spaces, of which 52 are in Barcelona, according to Global Co-working.
D371, built in 1992 by the British bank Nat West, is a property of Alting since 2004. It is one of the main assets that make up the portfolio of assets of the Alting group.
Completely renovated in 2019 by the Alting technical team, D371 is a sustainable, energy efficient building and responsible with the environment. It is the first building of the Group to obtain the prestigious LEED Gold Certificate.
It is located in the prestigious business area of Barcelona, in Avenida Diagonal 371, a few meters away from Passeig de Gràcia street. Its exceptional location provides it with unbeatable commuting possibilities thanks to public transport and airport connections, as well as easy access to the main ongoing entrances of the city.
Alting is a Real Estate Group, with a consolidated career in the Investment and Management of Prime Real Estate Assets, experts in creating real estate value and treating each project as a unique item.
In 40 years of experience, we have amassed the knowledge, the methods and the vocation to generate and contribute the real estate value that everyone needs.
Our business model is based on excellence, we offer real estate solutions through our 3 business lines:
- INVESTMENT. We acquire, transform and manage buildings, maximizing their value, and we incorporate them to our select portfolio, always giving priority location.
- DEVELOPMENT. We develop selected real estate developments and transformation projects in the best locations of Barcelona.
- REAL ESTATE CONSULTING. We manage exclusive luxury dwellings, buildings, offices and premises in the best locations of Barcelona; and we administer assets.
Carolina Marcos, Deputy Director General of Alting Real Estate Group said: 'The working methods are changing. Nowadays, companies like WeWork operate with a real estate model based on a new way of working and of managing the workspace around professional communities'.
ABOUT CUSHMAN WAKEFIELD
Cushman Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of 8.2 billion dollars across core services of property, facilities and project management, leasing, capital markets, valuation and other services.
In Spain, where Cushman Wakefield has over 29 years of experience, the company's business covers the entire Spanish geography. The headquarters are located in Madrid (Beatriz Building, Jose Ortega y Gasset, 29, 6o) and Barcelona (Passeig de Gràcia, 56, 7th), with a multidisciplinary team of 280 professionals.
Natalia Tost, Associate of Business Space in Office Agency of Cushman Wakefield in Barcelona, 'the commitment to flexible workspaces is causing a change of mentality in companies'. According to Tost, 'the strategy is increasingly related to attracting and retaining the best talent in the market, and flexible spaces are an exponent of the new ways of working that dominate the market'.
SOBRE SAVILLS AGUIRRE NEWMAN
Savills Aguirre Newman has an experience of more than 30 years in Spain and holds a leading position in all segments of the real estate sector in the Spanish market. With more than 450 professionals with knowledge and experience in more than 20 disciplines, Savills Aguirre Newman is based in Madrid and has offices in Barcelona and Malaga, from which it offers a wide range of services: Capital Markets, Agency, Tennant Representation, Management, Valuations and Appraisals, Consulting, Architecture, Urban Planning, Corporate Finance and Debt Advisory, Research and Facility Management.
The global Savills brand, with more than 700 offices and 34,000 employees in America, the United Kingdom, continental Europe, Asia Pacific, Africa and the Middle East, together with Aguirre Newman's solid position in the Iberian market, constitutes a new platform to offer a broader and deeper portfolio of real estate services to any type of client anywhere in the world.
Marie-Laure Fenet, Director of Office Agency of Savills Aguirre Newman Barcelona, says: 'the shortage of office spaces supply, combined with the rapid evolution of new economy companies, has drived some of the city's most emblematic buildings to adapt to coworking spaces in order to offer the desired location and quality of space'.