aparto Diagonal Suites

Hines European Real Estate Partners III (HEREP III)

Aiming High in Barcelona

aparto Diagonal Suites – Barcelona, Spain
 

 

Originated off-market, Hines European Real Estate Partners III has undertaken to forward purchase a tower with a hotel license in Barcelona. The asset has a full suite of amenities and aspirations to achieve the highest ESG credentials1

AT A GLANCE

Barcelona, Spain

aparto Diagonal Suites is ideally located and well-connected to major business schools, university campuses, and a university hospital.

c. 20,950 sqm, 527 beds

Description

In June 2022, HEREP III signed a forward purchase contract for this 527-bed tower with a hotel license which will be delivered by a reputable local developer. Upon expected completion in 2025, the scheme is expected to be – alongside its sister tower – one of the tallest towers in Greater Barcelona, offering outstanding views over the city. HEREP III has optimized the unit mix and enhanced the amenity provision to include a rooftop pool with gastrobar, gym, and desirable communal areas. The Fund aims to attain the highest ESG credentials1, targeting BREEAM Excellent, WELL Platinum, and WiredScore Home Certifications.

1HEREP III is a financial product falling under Article 8 of the SFDR. There is no guarantee that the Fund will achieve all of its ESG objectives. See ESG Disclaimers for additional information about certifications and ratings.

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Disclosures

aparto Diagonal Suites is an existing HEREP III asset. It should not be assumed that investments in the future will be comparable in quality or performance to the investments described herein. Case studies presented herein are for illustrative purposes only, have been selected in order to provide examples of the types of investments to be made by Hines for the Fund and do not purport to be a complete list thereof. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein.


 

The Fund is closed to new investors.