Major real estate deal in Barcelona. InmoCaixa, the real estate arm of La Caixa bank, has closed a deal to buy the Estel building, the largest office building in the Catalan capital. A significant portion of the building is occupied by the pharmaceutical company AstraZeneca. The purchase, financed by Bain Capital and Freo Group, amounts to approximately €385 million, according to market sources. This is the largest office building transaction ever completed in Barcelona, ​​according to industry sources consulted by ARA. For comparison, the former Torre Agbar sold for around €140 million, and the former Banc Sabadell building at the intersection of Diagonal and Balmes streets for around €90 million. The Estel building has a surface area of ​​52,000 square meters. CBRE advised InmoCaixa on this transaction. Located at the confluence of Roma Avenue and Mallorca Street, the building is a commercial complex, which formerly housed Telefónica and was left unfinished for quite some time after the project to build a hotel failed. It is currently completely renovated and aimed at "boosting an ecosystem of innovation, science, and talent attraction in the heart of Barcelona," according to the press release announcing the deal.