Deutsche Bank puts up for sale Diagonal Mar shopping center in Barcelona for €500 million

Deutsche Bank has placed the Diagonal Mar shopping center in Barcelona up for sale for €500 million. The transaction, managed by JLL and CBRE, is expected to close in the first quarter of 2027.

The German bank **Deutsche Bank** has decided to divest from the **Diagonal Mar** shopping center in Barcelona, setting a sale price of **€500 million**. The asset, which belongs to one of its funds managed by **DWS**, is seeking a new owner through the real estate firms **JLL** and **CBRE**, which are handling the buyer search.

## A multimillion-euro divestment

If the transaction goes through at the requested figure, it would be one of the most significant divestments in Barcelona's real estate market in recent years. In fact, it would exceed the **€385 million** paid for the sale of the **Estel** office complex to **InmoCaixa**. **Deutsche Bank** acquired **Diagonal Mar** a decade ago, in **2014**, for **€493 million**, so the current operation could represent a capital gain.

## The Sant Martí commercial giant

Located in the **Sant Martí** district, **Diagonal Mar** is one of the largest commercial complexes in **Catalonia**, spanning over **300,000 square meters** of built surface area. It houses a wide variety of stores, including brands such as **Alcampo**, **Primark**, **MediaMarkt**, **Decathlon**, **Zara**, and **Kiabi**, in addition to the Cinesa cinemas and a parking garage with **4,924 spaces**.