DWS, the manager controlled by Deutsche Bank, has returned to the hotel business in Spain. Despite the complex context generated by the Covid-19 crisis, the company has completed the purchase of two real estate projects to be developed in Cataluña through DWS Real Estate Iberia. The total investment volume amounts to €200 million, as reported by El Economista.
The assets comprise an office complex, which accounts for two thirds of the cost of the operation, and a hotel. The German firm is, therefore, becoming one of the stars of the real estate market in Spain at the height of a pandemic, after it also managed to complete the sale -in March- of two office buildings in Sevilla and Valencia to Mazabi for almost €70 million.
