BMB Joins Forces With BlueMountain To Create New Socimi

2 March 2017 – Expansión

The hedge fund is the largest shareholder in Optimum III Value-Added Residential, which will invest up to €100 million buying residential buildings in Barcelona and Madrid.

BMB Investment Management, the real estate investment vehicle manager has launched a new project. The Barcelona-based company led by Josep Borrell Daniel has signed an alliance with the US investment firm BlueMountain Capital Management to launch the listed real estate investment company (Socimi) Optimum III Value-Added Residential, which could debut on the Alternative Investment Market (MAB) in April.

Original story: Expansión (by J. Orihuel)

Translation: Carmel Drake

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