PATRIZIA invests in EUR 52 million Barcelona Build to Rent development

  • Conviction around multifamily investment strategies in Iberia remains strong
  • With this transaction, PATRIZIA increases its residential AUM in Spain to over EUR 250 millionand its total AUM in Spain to around EUR 1.45 billion

Augsburg/Barcelona, 2 September 2021. PATRIZIA AG, a leading partner for global real assets, has forward purchased a Build to Rent turnkey development in Badalona and Esplugues de Llobregat, in the greater Barcelona area, for EUR 52 million, on behalf of its institutional clients. Once construction is completed by end of 2023, it will provide 128 residential units. Upon completion, the buildings will span 7,305 sq m (Esplugues) and 7,170 sq m (Badalona).

Read the full press release at the link below

Supporting documents

Click link to download and view these files