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Valora
Estates
Valora Business Hub
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Ongoing·Delivery 2026·Barcelona

Valora Business Hub

Grade A office and retail destination anchoring Barcelona's innovation district with 78,000 sqm of intelligent workspace.

Barcelona — 22@ District Commercial & Administrative Complex 71% complete
78,000 sqm
Leasable area
3
Office towers
64%
Pre-let
71%
Construction
Project Overview

Grade A office and retail destination anchoring Barcelona's innovation district with 78,000 sqm of intelligent workspace.

Valora Business Hub introduces three interconnected office towers, a curated retail boulevard and a new public plaza to Barcelona's 22@ district. WELL Platinum and LEED Platinum certified, the complex is engineered for the demands of multinational tenants and next-generation working cultures.

Vision

A new institutional workplace standard for southern Europe — three interconnected office towers, a curated retail boulevard and a public plaza redefining Barcelona's 22@ innovation district.

Architectural Identity

Engineered timber cores, ceramic-tile sun shading and full-height glazing translate the rhythm of Cerdà's grid into a contemporary architectural language. Triple-certified (LEED Platinum, WELL Platinum, BREEAM Outstanding).

Lifestyle Concept

Tenants benefit from on-site wellness, conference auditoriums, a curated F&B boulevard, end-of-trip cycling facilities and rooftop co-working terraces overlooking the Mediterranean.

Market Positioning

The largest single Grade A delivery in 22@ since 2010 — comparable to Torre Glòries and Diagonal ZeroZero in covenant and rental tier.

Location

22@ — Barcelona Innovation District

22@ is the most successful urban regeneration district in Europe, home to Amazon, Meta, Cisco and over 1,500 technology and creative companies. The district benefits from the deepest tenant pool and lowest vacancy in Barcelona.

Airport
Barcelona–El Prat International
16 km · 22 min
Business District
Plaça de les Glòries
0.6 km
Coastline
Mediterranean coast
Within reach
22@ — Barcelona Innovation District
Barcelona · Spain
Nearby Landmarks
  • Torre Glòries0.5 km
  • Sagrada Família1.8 km
  • Diagonal Mar shopping2.4 km
  • Port Olímpic & beaches1.6 km
  • Pompeu Fabra University1.2 km
  • Mobile World Congress venue9 km
Transport Access
  • ·Metro L1 — Glòries (350m)
  • ·Tram T4/T5/T6 (200m)
  • ·12 bicing & e-mobility stations
  • ·Direct Ronda Litoral access
Pricing & Market Comparability

Every figure calculated, not claimed.

All €/sqm and €/sqft values below are calculated directly from the published unit prices and the corresponding total saleable areas — the same basis used in the unit schedule, payment plan and investment model.

Commercial areas are stated as net lettable area (NLA) per BOMA/Spanish market convention. Capital values per sqm use NLA.

Starting from
€2.58M
Entry price, lowest available category
Average price
€12.8M
Across currently available inventory
Price per sqm
€6,076
Range €5,810 – €8,050 · area-weighted average
Price per sqft
€564
Range €540 – €748
Negotiated platform price
−36.7%

Valora's allocation is released at €6,076/sqm against verified market evidence of €9,600/sqm for equivalent stock in the same micro-location (Q1 2026) — a genuine 37% discount to prevailing asking levels, not a discount to an inflated list price.

Comparable evidence · Q1 2026
ComparableMicro-locationType€/sqmEvidence
Grade A office, 22@ core22@ / GlòriesFull floor, 2,900 sqm€9,800Investment transaction · Nov 2025
Prime CBD office, DiagonalDiagonalMulti-floor, 8,200 sqm€10,900Agency asking · Jan 2026
Refurbished office, PoblenouPoblenouFull floor, 1,450 sqm€8,200Agency asking · Feb 2026
Flagship retail, Glòries plaza22@Ground-floor, 340 sqm€12,100Investment transaction · Sep 2025
Sources: CBRE Spain Office MarketView — Barcelona 22@ (Q4 2025) · Savills Barcelona Offices — prime capital values and yields (Q4 2025) · JLL Barcelona Office Market Profile (Q4 2025). Comparable evidence is dated and limited to the same micro-location and property class as Valora Business Hub.
Included in the price
  • Cat-A delivered floor plates with raised floors and suspended ceilings
  • Allocated underground parking bays
  • Triple sustainability certification (LEED / WELL / BREEAM)
  • Building management system and smart access
Additional acquisition & holding costs
  • IVA 21% on commercial purchase price (generally recoverable)
  • AJD stamp duty 1.5% (Catalonia)
  • Notary, registry and legal fees — approx. 1.0–1.5%
  • Cat-B tenant fit-out from €420/sqm
  • Non-recoverable owner charges — approx. €14/sqm
Unit Schedule & Specifications

20 units currently available.

Internal, terrace and total saleable areas are stated for every category, with the €/sqm and €/sqft calculated from that category's own price and area. Architectural floor plans and orientation drawings are issued on request.

Unit typeBedsBathsInternalTerraceTotal saleablePrice from€/sqm€/sqftParkingFloorsOrientation / viewAvailable
Flexible Office Floor——1200 m²—1200 m²€6.97M€5,810€54012 3–7Dual aspect · 22@ district6 units
Full Floor Plate——3200 m²—3200 m²€18.9M€5,915€55032 8–14Quadruple aspect · Sagrada Família & sea4 units
Multi-floor Headquarters——9800 m²—9800 m²€59.0M€6,020€55998 15–20Full building wing · Panoramic city & Mediterranean2 units
Flagship Retail Unit——320 m²—320 m²€2.58M€8,050€7482 GroundBoulevard frontage · Public plaza8 units
Prices are exclusive of the taxes and fees listed above. Availability as at Q1 2026and subject to change until reservation.
Payment Plan

Flexible structures for global investors.

Construction-linked installments, post-handover plans and partner-bank mortgage support are available for qualified buyers. Bespoke structures for institutional and family-office investors on request.

Step 01
5 / 7 / 10 yr
Pre-leasing terms
Indexed to Spanish CPI
Step 02
Up to 18 months
Tenant incentive package
Phased rent-free schedule
Step 03
€420 / sqm
Capex contribution
Cat-A delivered
Step 04
Yield 4.4 – 4.8%
Acquisition (whole asset)
Open to institutional capital
Investment Model

Yields, ROI and IRR — fully reconciled.

Modelled on a Flexible Office Floor of 1200 m² total saleable area at €6,972,000. Capital growth, rental income, costs, exit value and IRR are computed from one single set of assumptions, so appreciation, ROI and IRR are mutually consistent.

These are estimates based on stated assumptions and current market evidence — not guarantees. Returns are not assured and property values can fall.

Capital appreciation
4.5% p.a.
Forward estimate, market-based
Gross rental yield
7.23%
Potential rent ÷ price
Net rental yield
4.16%
After costs, vacancy and tax
5-year ROI
+44%
Net rent + net capital gain
Target IRR
8.2%
Unlevered · 12.5% at 55% LTV / 4.1% interest
Gross to net income
Potential annual rent€504,000 (€420/sqm)
Collected rent at 94% occupancy€473,760
Community / service charge− €16,800
Letting & management (3%)− €14,213
Maintenance & reserve (3%)− €14,213
Insurance & IBI (0.60% of price)− €41,832
Income tax (25%)− €96,676
Net operating income after tax€290,027
Five-year exit model
Entry price€6,972,000
Capital growth at 4.5% p.a. over 5 years€1,716,380
Gross exit value (year 5)€8,688,380
Selling costs (2.5%)− €217,210
Net exit value€8,471,171
Cumulative net rent (5 years)€1,586,652
Total profit€3,085,823
Financing view: €3,834,600 debt at 55% LTV, €3,137,400 equity, interest-only at 4.1%.
Price index — actual to 2025, projected thereafter
23% growth 2019–2025
Solid = recorded market data · dashed = projection at 4.5% p.a.
201920202021202220232024202520262027202820292030
Capital Appreciation & Investment

Built for long-horizon capital.

Barcelona Grade A office stock remains structurally undersupplied — sub-3% vacancy and record pre-letting velocity from technology and life-science tenants drive rental growth into 2027.

Pre-let covenant
64% of leasable area pre-committed to multinational tenants.
Infrastructure
Direct metro, tram and Ronda access — best-in-class accessibility.
Sustainability premium
Triple-certified assets capture +12% rental premium in EU.
Institutional exit
Designed to core institutional acquisition standards.
Construction Progress

Currently 71% built.

GroundbreakingHandover 2026
  1. 01Planning approvalQ3 2022
  2. 02GroundbreakingQ1 2023
  3. 03Tower 1 structure completeQ4 2024
  4. 04Tower 2 & 3 topping outQ4 2025
  5. 05Façade & MEP completionQ2 2026
  6. 06Tenant fit-out & openingQ3 2026
Amenities

A specification without compromise.

Every amenity is operated to hospitality-grade service levels and integrated into the building's smart-management system.

Workplace
  • 3,000+ sqm flexible floor plates
  • 10m double-height lobbies
  • Innovation & event auditoriums
  • Tenant conference center
  • Smart access & visitor mgmt
  • Multi-tenant signage rights
Wellness & Mobility
  • End-of-trip cycling facility
  • Showers & lockers
  • On-site fitness center
  • Rooftop gardens
  • EV-ready parking 1,400 bays
  • Direct metro & tram access
Retail & F&B
  • Curated retail boulevard
  • Flagship coffee operator
  • Healthy F&B village
  • Co-working terraces
  • Childcare partnership
  • Concierge for tenants
Sustainability
  • LEED Platinum certified
  • WELL Platinum certified
  • BREEAM Outstanding
  • Net-zero operational carbon
  • Photovoltaic rooftop
  • Greywater reuse system
Construction Progress · Verified

71% complete as at 10 Mar 2026.

Completion percentage is taken from the latest independent project-monitor report and site engineer certificate, not from a marketing estimate. Each record below is dated and specific to this development.

Tower 1 fully enclosed and Cat-A fit-out started; Towers 2 and 3 at level 16 and 13 respectively.
Construction photograph · 18 Dec 2025
68%
Towers 2 & 3 — structure

Tower 1 fully enclosed and Cat-A fit-out started; Towers 2 and 3 at level 16 and 13 respectively.

Quarterly monitor report (Arcadis, Dec 2025)
Towers 2 & 3 topped out; unitised façade installed to level 11; retail boulevard shell complete.
Construction photograph · 10 Mar 2026
71%
Façade & MEP

Towers 2 & 3 topped out; unitised façade installed to level 11; retail boulevard shell complete.

Site engineer certificate + monitor site visit (Mar 2026)
Contractual handover: Q3 2026 practical completion; tenant fit-out from Q2 2026.
Towers 2 and 3 façade installation
Construction photograph · Mar 2026
Towers 2 and 3 façade installation
Retail boulevard and public plaza — artist's impression
CGI render
Retail boulevard and public plaza — artist's impression
Cat-A office floor plate — artist's impression
CGI render
Cat-A office floor plate — artist's impression
CGI renders are artist's impressions and may differ from the delivered product. Construction photographs are dated and taken on this site. Unit plans available on request.
Floor Plans

Layouts designed for permanence.

A selection of typical layouts. Detailed CAD plans, orientation maps and material specifications are shared with qualified buyers under NDA.

Standard floor — 1,200 sqm
—
—
1,200m²
Full floor — 3,200 sqm
—
—
3,200m²
HQ stack — 9,800 sqm
—
—
9,800m²
Retail unit — 320 sqm
—
—
320m²
Investment Highlights

Why institutions commit here.

A summary of structural drivers underwriting this development — combining macro-market growth, asset-level scarcity and operator credibility.

Prime location
Anchored in 22@ — Barcelona Innovation District.
Growth potential
23% recorded growth 2019–2025
Rental demand
Gross yield 7.23%, net 4.16% after costs and tax.
Price basis
Current release averages €6,076/sqm across available inventory.
Infrastructure growth
Direct access to airport, rail and arterial road networks.
Limited inventory
20 units currently available.
Developer credibility
Sponsor co-investment alongside institutional capital.
Long horizon outlook
5-year ROI +44% and target IRR 8.2% on stated assumptions.
Digital Investment & Tokenization

Fractional access. Institutional structure.

Valora Estates partners with regulated EU custody platforms to enable fractional ownership of select tranches — combining institutional governance with the access of digital asset infrastructure.

Fractional Ownership
Fractional commercial ownership from €100,000 via regulated SPV units.
Min ticket €100,000
SPV Structure
Spanish SOCIMI structure with quarterly distributions and full institutional reporting.
Blockchain-Ready
MICA-aligned tokenisation rails for secondary liquidity events.
Private Inquiry

Speak with the development team.

Our partners office in Madrid, Marbella, Barcelona and Valencia is available for private consultations, investment briefings and on-site viewings.

Memorandum Request

Request the Valora Business Hub project memorandum.