• Telefónica Group sold its Catalonia Square building in Barcelona for €100m to Spanish entrepreneur Daniel Maté. 

Telefónica sells flagship Barcelona real estate

Telefónica sells flagship Barcelona real estate

Source: Telefónica

Telefónica Group sold its Catalonia Square building in Barcelona for €100m to Spanish entrepreneur Daniel Maté. Telefónica will continue to occupy the space as a tenant under a sale and leaseback deal. Three floors of the eleven-storey building are dedicated to retail space, housing the Movistar Center and a flagship area showcasing Telefónica’s latest developments in telephony. Maté has already bought four other buildings from the telco in recent years, as the Group seeks to reduce its debt.