The acquisition of these buildings soars 212% compared to 2013, due to the operations of international investors including Blackstone and new estate as Hispania and Merlin Properties.
Totaled 2,520 million euros, representing 40% of volume in non-residential.
The average price of office rents are stabilizing after years of adjustment.
Europe “seems to have regained the favour of investors,” demonstrated by the fact that 70% of investors chose Western Europe as “the world’s most attractive region for real estate investment,” according to the CB Richard Ellis European Real Estate Investor Intention 2014 study.
AXA Real Estate, Europe's largest property fund manager, has bought its first office blocks in Spain since the start of the financial crisis, tempted by the relatively high yields on offer despite fears of a euro zone break-up receding.
AXA Real Estate, which has 45 billion euros under management, has agreed to buy 13 office buildings in Barcelona let to the regional government for 172 million euros, it said on Tuesday.
