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Teleno Closes 2 Acquisitions in Madrid & Barcelona

Teleno Real Estate, the fund led by Josep Maria Xercavins has purchased a block of tourist apartments in Barcelona from the Socimi Elaia. The asset is located on Calle Sants, comprises 60 apartments spanning 3,800 m2 in total and has a tourist licence. Teleno has also signed a contract with the Pierre Vacances group to take over the management of the property.

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In addition, the fund has acquired an office building in Madrid, which is currently leased to the television content producer RTL.

Following these 2 operations, the fund, which was created a year ago and which plans to invest around €200 million in total, now has 8 buildings in its portfolio.

 

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