Kronos & Nuveen Join Forces to Construct 5,000 Build-to-Rent Homes in Spain
The American fund Nuveen and Kronos have created a joint venture called Stay to build 5,000 build-to-rent homes in Spain in which they will invest 1 billion euros over five years.
Aiga Closes Logistics and Residential Operations Worth €50 Million in the Midst of the Pandemic
Aiga Advisory closed 8 operations in July as the lockdown restrictions were eased for a total investment volume of approximately 50 million euros.
Sabadell Completes the Sale of its Property Developer SDIN to Oaktree with Profits of €21 Million
The operation has been in the pipeline for a little over a year, but its completion was paralysed due to the pandemic. The deal has generated a capital gain of 8 million euros.
The Latest Movements in the Residential Rental Market
Investment funds and real estate companies alike are strongly backing the ‘build to rent’ segment. Aedas Homes is going to launch more than 1,500 homes for rent; AXA IM is acquiring 919 units; whilst Primonial and Grupo Lar are going to invest 400 million euros to develop 5,000 homes.
