Residential refurbishment and rental program focused on the core Spanish cities of Barcelona and Madrid.
JV with KKR and Altamar Capital Partners to deploy c. €100 million in the Spanish residential market.
The JV strategy involves assembling a diversified rental residential portfolio, which offers significant value creation opportunities through hands-on asset management and targeted capex work. The properties will concentrate on city centre locations in Barcelona or Madrid, acquired off-market. The local operating partner is Elix, which has a best-in-class team and a strong track record in the Spanish residential market.