Kempen is pleased to announce that it acted as sole financial adviser in the €870m Spanish residential sale to CBRE GIP and Madison International Realty
Transaction highlights
- CBRE Global Investment Partners and Madison International Realty have acquired a Spanish residential portfolio with 6,458 units and a gross asset value of €870m as part of the recapitalization of a fund managed by Azora
- The portfolio is focused on the multi-family rented market in Spain’s main geographies with c.70% exposure to Madrid
- Azora will continue to manage the portfolio