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Aberdeen Standard Acquires Two Build-to-Rent Projects in Madrid from Dazeo

The new assets, located in the Embajadores area and next to the Delicias metro station, have close to 10,000 sq m and 150 flats.

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Britain’s Aberdeen Standard Investments has acquired two build-to-rent projects in Madrid from Dazeo, a joint venture between Dazia Capital and Eurazeo. CBRE acted as the lead advisor to the deal, according to Expansión.

The two new properties, located in the southwest of the Arganzuela district, were acquired off-market and under a turnkey scheme.

Both assets total 10,000 m2 and 150 flats. One is located in the Embajadores area, and the other, next to the Delicias metro station.

Dazeo was assisted by Pérez-Llorca. Magnum Properties carried out due diligence in the commercial area, Garrigues in the legal and tax area, and JLL in the technical area on behalf of Aberdeen Standard.

Read the full article in Spanish

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