Diagonal 331

The Urbania Group has expanded its activities to Barcelona with a first acquisition of a complete building on the prestigious Avenida Diagonal.

The building was built in 1931 on a plot of 610 square meters and consists of ground floor plus eight floors with a total built area of 4.513 square meters. In addition there is a basement level of 654 m2 for commercial use. On completion there will be a total of 15 luxury two to four-bedroom apartment-suites.

The opportunity to acquire a complete building on the Avenida Diagonal is extremely rare especially with the sought-after features of a 1930’s building with extremely high ceiling heights and beautiful architectural features.

The building is in relatively good condition and renovation costs are reasonable. In addition the building on Diagonal 331 is located in one of the most desirable areas for the present middle-to-high level foreign buyer within a quick walking distance from Paseo de Gracia and the Sagrada Familia. Its location on the corner of the recently renovated Paseo de San Juan is extremely attractive for the foreign buyers with a reasonably high budget for acquisition.

Urbania has engaged one of the most experienced architectural firms in Barcelona as well as a creative interior design team to ceate a whole new level of luxury living.

The renovation of the building will start by the end of 2016 and completion is foreseen by late 2017. Pre-sales will start in the coming months.