CBRE Global Investment Partners acquires 6,458-unit portfolio of Spanish residential properties for €870 million
Clients CBRE Global Investment Partners
Jones Day advised CBRE Global Investment Partners in connection with its acquisition of a 6,458-unit portfolio of Spanish residential properties valued at €870 million. The portfolio has been purchased as part of the recapitalization of a fund managed by Azora, which had come to the end of its life. The portfolio comprises 65 primarily mid-market apartment block buildings of which approximately 70 percent are located in and around Madrid, with the balance in other Spanish key cities.