• Transaction / Assets
  • Seller
  • Buyer
  • € MM

Goldman Sachs Buys 18 Buildings in Barcelona For €90 Mn

12/01/2015 – Expansion

Goldman Sachs reaffirms the willingness to invest in the Spanish property market. The U.S. bank has bought a package of 18 buildings from developer La Llave de Oro for around €90 million. They are 13 free-market blocks of apartments, three subsidized buildings and two nursing homes. All of them are located in Barcelona and 90% occupied.

At the transaction, Goldman teamed up with an experienced local partner, the B Capital Partners group, which contributed to the purchase as a minority partner.

Back in March, the U.S. entity injected €20 million in real estate firm Colonial and thereby took a 5.072% stake in it.

 

Original story: Expansión ( by Marisa Anglés)

Translation: AURA REE

178