Catella AM buys residential buildings for rental in Madrid

Catella AM buys residential buildings for rental in Madrid

The two buildings are ‘twins’ and have a total built up area of 18,092 square metres, a total of 216 residences, 216 parking spaces and 216 storage spaces. The buildings have 93% of the total lettable area occupied.

In addition to participating in the purchase, Catella AM will undertake the management of the asset portfolio.

After these new deals, Catella has a portfolio worth 100 million euros under management in their first year of activity. Just over two months ago, four transactions were closed, three concerning the purchase of residential properties in Madrid (Barajas and Calle Génova) and in Barcelona (Poblenou) and the purchase of the commercial park Portal Mediterráneo in Vinaroz (Castellón), which clearly demonstrates the interest and strong belief that the company has in the Spanish market.

Catella possesses two differentiated activities in Spain: Catella Asset Management Iberia (Catella AM) and Catella Property.  Catella AM is the company within the Group which manages investments and real estate assets in Spain and Portugal representing funds managed by the actual company, such as Spanish and international institutional investors. The company concentrates on the acquisition and management of real estate, developing for both residential and commercial use.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!