The real estate developer Conren Tramway challenges the doubts of the sector with the 22@ office market in Barcelona. The Barcelona firm has acquired a plot of land from Grupo Castellví in the heart of the technology district to build a new corporate building. This is the first significant land purchase operation in the area in the last two years, a stage marked by the sharp increase in the availability of office space. The amount of the operation has not been disclosed.
The plot has a buildable area of ??about 12,000 m² on seven floors and can be interesting both for a large company looking for a corporate headquarters and for multi-tenant rental. The asset is located near Plaza Glòries, the heart of 22@. Specifically, it is located at the confluence of Tánger, Badajoz and Ávila streets. This is the most coveted area of ??the technology district, where large multinationals and groups such as Amazon, HP, Oracle or Cuatrecasas are located. The architectural project has been entrusted to the prestigious Batlleiroig studio. The forecast is that work on the property will begin during the first half of 2026 and the building will be delivered in 2028.
Conren Tramway, a company promoted by brothers Jaime-Enrique and Pago Hugas together with the German investment firm Conren Land AG, is one of the most active real estate developers in the Poblenou financial district in recent years. The company has three office buildings – with top-tier tenants such as Travelperk, H
Conren Tramway has been advised by Garrigues, while Castellví has ??been advised by Cushman
The Barcelona office market suffered a 20% drop in hiring last year, to 238,000 m², according to data from the real estate consultancy Savills. The rise in interest rates and inflation paralyzed many expansion plans of companies, which decided to wait for a more peaceful scenario. In addition, 22@ has seen a strong increase in supply in the last three years. Availability in the area is around 25% of the total surface.
The forecasts in the Catalan capital for this year are more positive. With the announcement of the large rental operation of 25,000 square meters of the Estel building by AstraZeneca, the real estate sector expects that hiring levels will be reached on average in recent years; that is, about 300,000 m².
