Real estate investment firm Hines and private equity firm Henderson Park have commenced construction on T3 Diagonal Mar, a wooden office building in Barcelona, Spain.
Located in the heart of the 22@ district in Barcelona, the new 3,610m2 office building will be completely made of wood and will be equipped with latest technology.
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In 22@ district, Hines and Henderson Park already have significant space under development that include a 350-bed purpose-built student accommodation asset and a 3,610m2 office building on Cristóbal de Moura street.
T3 Diagonal Mar will be the first fully wooden building of its kind in Europe.
It is also part of Hines’ “T3” family of buildings, a new generation of offices constructed on the sustainability of timber, superior transit connectivity and latest technology.
Upon completion in 2022, the new building will have a wood Class AA structure with a terraced roof and private gardens, enhancing its ESG and wellbeing credentials.
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By GlobalDataHines ESG global head Peter Epping said: “This is a hugely exciting project in one of Europe’s major cities which demonstrates our ongoing commitment to our ESG best practices at Hines.
“The launch of one of Europe’s first wooden office buildings is an encouraging step as we look to reduce both embodied carbon and carbon emissions for every asset we own, manage or develop.
“Aside from reducing embodied carbon, wooden buildings have further advantages over traditional builds and we are actively seeking to roll out this type of product across Europe in the coming years as we look to protect our planet and build sustainable communities.”
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Rendering of the new T3 Diagonal Mar building in Barcelona, Spain. Credit: Hines.
