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CBRE Global Investment Partners acquires 6,458-unit portfolio of Spanish residential properties for €870 million

September 2018

Client(s) CBRE Global Investment Partners

Jones Day advised CBRE Global Investment Partners in connection with its acquisition of a 6,458-unit portfolio of Spanish residential properties valued at €870 million. The portfolio has been purchased as part of the recapitalization of a fund managed by Azora, which had come to the end of its life. The portfolio comprises 65 primarily mid-market apartment block buildings of which approximately 70 percent are located in and around Madrid, with the balance in other Spanish key cities.

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