Meridia III

Meridia III

Investment Strategy

Following similar path to Meridia II, III is fully invested and on track to deliver value-add returns

  • Value-add: acquisition, refurbishment and/or reconversion of real estate assets
  • All segments: office, logistics, hotel, retail and residential
  • Development (limited to max 20%)
  • Focus on Spain, primarily Madrid and Barcelona
General Pere IV

Meridia III

Current Portfolio

  • MadridPROJECT HOTEL MAD Location View on Google Maps

    In January 2019 Meridia Capital acquired a Hotel in Madrid's Chamartín district. The asset has a total surface of 12,580 sqm split in 199 rooms. The transaction also included 2 adjacent commercial spaces and 94 parking units. Meridia Capital plans to carry out diverse refurbishment actions in order to improve and reposition the asset leveraging on the team's expertise and track record in the hospitality sector.

  • BarcelonaPROJECT SCOTTISH Location View on Google Maps

    In December 2018 we acquired several plots of land with a total buildable area of 24,605 sqm. 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.

  • BarcelonaProject Beatle Location View on Google Maps

    In November 2017 we acquired Barnasud shopping centre, a 34,000 sqm mixed-use property located in Barcelona. Meridia asset and project management teams are working to reposition and reconvert the asset.


  • MadridProject Light Location View on Google Maps

    In July 2017 we acquired a 8,300 sqm office building in Madrid's MADBIT district. This is a single tenant property leased to an IBEX 35 listed consulting and technology company.


  • MadridProject Seseña Location View on Google Maps

    In June 2017 we acquired a 39,000 sqm logistics platform in Toledo. The property benefits from a prime location in the 3rd Ring of the well-known A-4 Highway (Andalucía Highway) just c.40km away from Madrid.

  • BarcelonaProject Vila Location View on Google Maps

    In October 2016 we acquired two office buildings located within the Viladecans Business Park (Barcelona). The assets have a total surface area of c. 23,000 sqm and 280 parking spaces. These are two class A buildings located within easy reach to the city centre and the airport. 

  • Madrid / BarcelonaProject Insurance Location View on Google Maps

    In April 2016 we announced the acquisition of a 9 asset portfolio in Madrid and Barcelona’s metropolitan areas. The portfolio, totalling c. 42,000 sqm, included 8 office buildings, a logistics warehouse as well as 581 parking spaces. 

Meridia III

Exited Portfolio

  • BarcelonaProject Sea Location View on Google Maps

    In May 2022 we completed the sale of Sea Towers, a landmark transaction within Meridia III vehicle. The 29,000 sqm office asset, fully developed by Meridia and composed of two buildings of thirteen and seven floors, is located in the sea front within the 22@ district, one of the most sought-after and most established business areas in Barcelona. This deal is a remarkable example of Meridia’s differentiated strategy: Meridia first acquired the plot in 2017 from different private owners in an off-market transaction; carrying out a comprehensive urban transformation project to turn it into a leading mixed used complex (office and residential). In 2018, Meridia secured a 10-year pre-let for the office building.

  • MadridPROJECT GOLD Location View on Google Maps

    In January 2022 we announced the sale of  a 26,367 sqm logistics platform in Corredor de Henares, close to Madrid, the area which is considered to be the main logistics activity hub in the Spanish market. 

  • GuadalajaraProject Gel Location View on Google Maps

    In July 2021 we completed the sale of a 27,500 sqm warehouse in Alovera (Guadalajara, 30 minutes away from Madrid). The asset was acquired in 2018 and was located at the Corredor de Henares axis, an excellent and well connected industrial area. This acquisition reinforced Meridia Capital’s consolidation in Spanish logistics.

  • BarcelonaProject INSURANCE Location View on Google Maps

    In December 2020 we announced the sale of 3 office building portfolio in the Cityparc, a busines park close to Barcelona. The assets, with a total GLA of over 5,500sqm, were part of Project Insurance, acquired by Meridia III in April 2016. 


  • MadridProject White Location View on Google Maps

    In January 2020 Meridia III exited its first transaction, Project White. The office building was acquired in May 2018 in Madrid's central business district. The asset has around 7,500 sqm divided into 4,800 sqm of office space and 2,500 sqm of commercial property as well as 54 parking spaces. 


  • BarcelonaProject Alta Location View on Google Maps

    In September 2016 we acquired an office portfolio located mostly in Barcelona. The portfolio had a total surface area of c. 17,400 sqm plus 280 parking spaces. The main asset, Alta 1, is a building in Esplugues (Barcelona) located in front of Nestlé’s Spanish headquarters, which were part of the Meridia II portfolio. The portfolio also included a smaller office building in downtown Barcelona.  

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