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.
