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AXA Investment buys 28-building Spanish residential portfolio for €170M

AXA Investment Managers - Real Assets acquired a 65,000-square-meter, 28-building Spanish residential portfolio totaling 850 units from Goldman Sachs and B Capital for approximately €170 million.

The buildings in the almost 100%-let portfolio are primarily within or close to the city centers of Madrid and Barcelona.

AXA, which acquired the portfolio on behalf of its clients, said in a release that it plans to further enhance the overall quality of the portfolio.