Ares Buys 5 Logistics Warehouses and Announces a €250 Million Investment in Spain
The US fund has made its debut in the Spanish logistics sector with the purchase of five platforms for 50 million euros, but its objective is to invest 250 million euros in total over two years.
It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.
The Swiss bank has increased its stake in the share capital of the property developers to 7% and 6.4%, respectively. These percentages are valued at 75 million euros in the case of Aedas Homes and 36.7 million euros in the case of Realia.
Redevco Puts an Office Building Up For Sale in Sevilla
The property, which is leased to Caixabank, is going on the market for 8.5 million euros.
