Colliers International, a leading advisory firm for residential rental transactions, including Build to Rent, has closed various deals in Madrid worth a total of €110 million.
“In the first three months of the year, we have closed the sale of rental assets and turnkey projects in the institutional fund market that include 300 residences and more than 25,000 m² in central Madrid. We are currently managing Build to Rent transactions covering more than 100,000 m² of buildable area across the whole of Spain. It is undoubtedly one of the greatest opportunities in the residential sector, in which funds that specialise in this product will revolutionise the supply of quality homes for rent in the major cities”, says Antonio Pan de Soraluce, Managing Director of Capital Markets at Colliers.
“These are complex transactions with major financial and real estate components that we believe will grow exponentially in the coming years. Colliers is a pioneer in the Spanish residential market for arranging and closing Build to Rent transactions, thanks to the combination of our experience of capital markets and corporate finance in the residential sector” concludes Mikel Echavarren, CEO of Colliers International in Spain.
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Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate 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, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success in our Instagram, Twitter or LinkedIn accounts.