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31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
Apple, Andik said competing for E50m Barcelona asset of Banco Sabadell
US technology group Apple and Isac Andik, chairman of clothing retailer Mango have both made offers for the Banco Sabadell building at Paseo de Gracia 36, Barcelona, according to industry sources. Competition for this type of prime asset is fierce in Spain's commercial real estate market, and the property is said to be attracting offers around E50m. The portal i-comparables.com said the bank recently purchased the upper floors for e20m to generate a higher price on disposal on the advice of realtor Cushman & Wakefield. (See upcoming PIE Editions for full story)