• Transaction / Assets
    1 block of tourist apartments & 1 office building
  • Seller
  • Buyer
    Teleno Real Estate
  • € MM

Teleno Closes 2 Acquisitions in Madrid & Barcelona

5 February 2020 – La Vanguardia

Teleno Real Estate, the fund led by Josep Maria Xercavins has purchased a block of tourist apartments in Barcelona from the Socimi Elaia. The asset is located on Calle Sants, comprises 60 apartments spanning 3,800 m2 in total and has a tourist licence. Teleno has also signed a contract with the Pierre Vacances group to take over the management of the property.

In addition, the fund has acquired an office building in Madrid, which is currently leased to the television content producer RTL.

Following these 2 operations, the fund, which was created a year ago and which plans to invest around €200 million in total, now has 8 buildings in its portfolio.

Original Story: La Vanguardia

Translation/Summary: Carmel Drake