The Gran Via 2 shopping centre in L’Hospitalet de Llobregat is part of a portfolio of properties that the Balkany family has put up for sale in Spain. The operation could reach 1.6 billion euros and includes nine landmark shopping centres.
The complex opened in 2002 and houses more than 200 establishments. It’s one of the main shopping destinations in Barcelona’s metropolitan area. The sale portfolio also includes La Vaguada in Madrid and Plaza Norte 2 in San Sebastián de los Reyes, according to financial newspaper Cinco Días.
The Balkany family has contracted BNP Paribas and Morgan Stanley to manage the sale. This reflects the scale of the transaction and the interest it could generate among international investment funds. However, both Gran Via 2 and BNP Paribas declined to provide details about the operation when contacted.
Sources close to the deal say the decision to sell responds to a generational handover within the owning family. After decades of activity in Spain, they’re looking to diversify their assets and invest in other sectors, according to the economic newspaper.
The Balkanys manage these shopping centres through the company LSGIE (La Sociedad General Inmobiliaria de España). The Gran Via 2 case is particularly relevant for Catalonia, given its location on Gran Via and its importance to commercial and leisure activity in L’Hospitalet.
The property is an attractive asset for potential buyers. A new owner could initiate modernisation and renovation processes that would strengthen its role as an economic hub for the area. If the transaction goes through, it would be one of the year’s most important property operations in Spain, both in terms of financial volume and impact on the retail sector.
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