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FREO has successfully closed its third operation in the Spanish market with the acquisition of two assets, an Office building in Madrid and an Industrial warehouse in Seville.
FREO has made its second acquisition in Spain, this time in conjunction with a large American investment fund. Together they have purchased a value-add office portfolio comprising of 14 assets distributed between Madrid, Barcelona and Valencia. The portfolio was purchased from BBVA (one of Spain’s largest banks).
FREO has made its first acquisition in Spain purchasing Orion, a modern office asset in the well regarded sub-market of Manoteras in the Spanish capital. The property was acquired from German fund manager Triuva, formerly IVG Institutional Funds.