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Conren Tramway Launches €400-Million Office Fund

Conren Tramway has acquired the building at Diagonal 490 for its new institutional vehicle that will invest €400 million in offices.

Conren Tramway

The Spanish company Conren Tramway has launched a new investment fund intending to make acquisitions in Madrid and Barcelona.

The new CT fund will have a €400-million investment capacity and will focus on the core plus, value-added and development sectors in the two major Spanish office markets.

The objective is to invest between 200 and 300 million euros per year. To this end, Conren Tramway has just hired new professionals and already has a team of 30 people covering the two cities.

CT’s first operation was the acquisition of an office and retail property located at Diagonal 490 on the corner of Balmes. This location is at the intersection of two of the city’s main thoroughfares and in the centre of Barcelona’s prime business district.

Read the full article in Spanish

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