Apple Competing for Barcelona Store Space

May 18, 2010

As part of its continuing focus on international locations, Apple’s real estate team is reportedly in competition for space in a picturesque building along Barcelona’s (Spain) major shopping avenue. According to Fortune magazine and reported by the newspaper El Mundo, Apple has made an offer on Passeig de Gràcia 36 in city center, an older building with about 24,000 square-feet of ground-floor retail space and four upper floors of offices. The luxurious Mandarin Oriental hotel is next door, and many other international retailers are located along the avenue. Clothing retailer Catalan Mango has reportedly also bid on the building, leaving the decision to building owner Banco Sabadell on who will occupy the space. The bank has occupied the ground floor space for several years, and then earlier this year purchased the upper floors from a family-owned real estate group for about $24 million after plans to convert them into luxury apartments fell through. According to news accounts, the bank could make a decision on the bids in the coming week. The first rumors about this location surfaced earlier this year, but no activity has been reported until now. Job listings appeared last February for another Barcelona store, which could be located in the La Maquinista shopping mall northeast of downtown.

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