Transaction / Assets Seller Buyer € MM
Tauro Real Estate Purchases 200 Flats In Madrid
25 April 2017 – Expansión
The real estate fund Tauro Real Estate now has more than 700 homes in its portfolio, located in Madrid and Barcelona, after it completed the acquisition of a building containing 200 apartments in San Sebastián de Los Reyes (Madrid). The complex, which is leased in its entirety, is located at number 11, Avenida Juncal and has a car park with 200 parking spaces, as well as a sports area with swimming pools and tennis and padel courts.
Tauro’s objective is to close the fund when its real estate portfolio contains 1,000 rental homes, including, in the case of Barcelona, tourist apartments. The cumulative investment will amount to between €200 million and €250 million.
Tauro’s investors include the Drago family, owner of the Italian publishing group De Agostini, and the firm is led by José María Xercavins (pictured above).
Original story: Expansión (by J. O.)
Translation: Carmel Drake