Colliers International announced today that it advised real estate funds managed by an affiliate of Ares Management Corporation (NYSE: ARES) in the acquisition of 401 residential units located in the Corredor del Henares, in the Madrid region. The residences will considerably increase the rental offering in the area.
The properties are located close to El Corredor del Henares in a new residential area well connected to the city through the A-2 Highway and public transportation.
The close of this transaction consolidates Colliers’ leadership as the main advisor in the residential market. Since 2017, Colliers International Spain has advised deals valued over €3.4 billion and 6 sqm million of buildable surface area, including land plot transactions, ongoing developments, build-to-rent deals, project financing and home selling.
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About Colliers International Spain
Colliers International in Spain is synonymous with specialisation and know-how in the real estate and hotel sectors. It offers consultancy in Corporate Finance, Capital Markets, Hotels, Residential Sales Advisory, Valuation & Consulting and REMS & Technical Services, with the proximity to the client of a local firm and the capabilities of a global leader via a network with a presence in 68 countries.
Our clients are domestic and international investment funds, REITs, financial entities, large corporations, hotel operators and real estate development and management companies who value our know-how, experience, stringency and commitment.
About Colliers International
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a global leader in real estate consultancy and investment services. With operations in 68 countries, our over 14,000 expert consultants work collaboratively to maximize the value of real estate assets for occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, Colliers International Group Inc had revenues of $2.8 billion with more than $26 billion of assets under management. If you want to learn more about Colliers follow us on Corporate.Colliers.com,, Twitter (@Colliers_EMEA) and LinkedIn.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating three integrated businesses across Credit, Private Equity and Real Estate. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund investors throughout market cycles. Ares Management’s global platform had $144 billion of assets under management as of September 30, 2019 and employs approximately 1,200 employees in over 20 offices across four continents. Please visit www.aresmgmt.com for additional information.