Dunas Capital Acquires Former RDM Factory in Barcelona for Up to €60 Million

✦ Meridian Analysis

Dunas Capital Real Estate has signed an agreement to acquire the former RDM factory in Castellbisbal, in the Barcelona metropolitan area, for an estimated €50 million‑€60 million. Dunas will take ownership of the 125,000 sqm industrial site, which RDM Group closed in 2025 after a decline in demand for its food‑grade and pharmaceutical packaging cartons. RDM, an Italian‑based producer that was listed until 2021, is an Italian group dedicated to the production of recycled cardboard for packaging. Dunas manages more than €5.3 billion across real‑estate, mobiliary and alternative assets. The transaction involves demolition of the existing structures and a re‑industrialisation plan aimed at attracting industrial or logistics projects with a high‑tech component, particularly those requiring temperature‑controlled facilities – a niche where Dunas already has experience through its NOBL campus in Toledo and a logistics platform in Guadalajara. The acquisition shows the scarce supply of developable land in the Barcelona metropolitan area. It also adds a Catalan foothold for Dunas, marking the firm’s first operation in Catalonia. Key points to monitor include the final transaction price within the disclosed range, the composition of any financing package and the identity of advisers, none of which have been disclosed. The timetable for demolition, permitting and the launch of the re‑industrialisation programme, as well as any required local authority approvals, will also shape the project’s execution and potential impact on the regional industrial‑real‑estate market.

The Meridian Weekly