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Eneas RE Acquires Two Properties in Madrid for Conversion into Tourist Accommodations

The Eneas Real Estate fund has acquired two 3,500-m2 buildings in the district of Salamanca, to convert them into short-term tourist lets and co-living apartments.

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The fund will pay for renovations of the properties, which are currently offices and residences, at a time when the pandemic has hit the office market. The company has residential properties in both Madrid and Barcelona.

The Eneas Real Estate fund seeks to generate returns exceeding 15% in its investments, which generally involve sums of between five to twenty-five million euros.

Read the full article in Spanish

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