22/10/2014 – Expansion
Large international mutual funds flock to Spain. From being avoided like the plague since the real estate bubble burst, this Spanish property market returned to investment target maps of investors.
Only several of them attended last year’s property exhibition Barcelona Meeting Point (BMP). But this year, the fair will reunite also those who were missing. Most of big international funds have already confirmed participation in the event to be held from October 29th to November 2nd.
To name few that are going to turn up, Bank of America Merrill Lynch, Credit Suisse, Deka, GE Capital Real Estate, Greenberg Traurig, Grove International Partners, Oaktree Capital Management, Red Storm Capital, Shuman Capital, TPG Capital and Värde Partners.
Those who attended the exhibition in 2013 and will return this year are executives representing: Benson Elliot, Cerberus Iberia Advisors, Europa Capital, GreenOak, Orion Capital Managers, Shaftesbury, Stam Europe and HSBC.
It is predicted that the 2014 total investment volume will level out to the pre-recession levels. According to Aguirre Newman, in the first nine months of the ongoing year, €10.4 billion was spent on the Spanish real estate, juxtaposed with the €9 billion amount invested throughout 2013.
Original article: Expansión (by Marisa Anglés)
Translation: AURA REE