BidX1 has announced the sale of a substantial retail park in Barcelona for €4,225,000 – the latest in a string of large commercial sales for the PropTech company. The 16-unit park in Cabrera del Mar was sold on behalf of an institutional vendor.
BidX1 offers a fast and effective online sale process which benefits sellers seeking agility, transparency and best price for their assets.
The retail park is fully occupied, with its 16 commercial units leased to 10 long-term tenants. Located 28km from Barcelona, the park is situated on a site that extends to 15,000 square metres, with a built area of 9,400 square metres.
Susana Negueruela, Commercial Real Estate Manager at BidX1 Spain, said: "Our digital model allows us to find the right buyer in record time – in this case a purchaser specializing in large commercial and industrial assets. This latest deal underlines the broad reach of the BidX1 marketplace, which caters to both professional investors seeking big ticket assets like this one, as well as retail buyers seeking their first or second homes.
“The deal was closed just two months after listing on the platform; a very strong result for our client.”
Recent months have seen BidX1 close the sale of seven warehouses in Barcelona on the platform – over 17,500 sq. m at a gross transaction value of €9,300,000 – as the company rapidly expands market share in the commercial space.
Meanwhile, BidX1 has also started listing hotel investments across Spain on the platform and, on the residential side, the company has expanded into the New Homes sector with the launch of developments in Ibiza and Granada.
BidX1 was established in Ireland in 2011 and entered the Spanish market in 2019. The firm’s digital approach to property sales has proven popular with buyers and sellers across Europe; BidX1 has sold over 14,000 properties to date, equating to a Gross Transaction Value of over €2.8 billion. Last year, 36,000 bids were placed through the BidX1 platform, with buyers from over 60 countries to date.
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