6 January 2020 – Real Assets IPE
Commerz Real’s €15.5bn HausInvest fund has returned to the Spanish real estate market after more than 14 years.
The German property fund is purchasing two office development projects in Barcelona off-plan for €130m from developer Conren Tramway.
It is the first time the fund has invested in Spain since it acquired the Espai Gironés shopping centre near Girona in 2005.
The two office buildings, which will be built on Carrer de Badajoz in Barcelona, will provide 13,900sqm and 9,300sqm of space, respectively.
Original story: Real Assets IPE
Edited by /Summary: Carmel Drake