Photo: CG Capital Europe
The buyer has been a "reputed" Spanish private family office and the price of the operation was not disclosed.
The called Project Andrew includes 2 residential buildings, totalling over 8,000 sqm. Both assets are fully leased, and they are comprised of 79 residential apartments, 79 parking spaces and 36 storage rooms.
Javier Beltrán, CEO of CG Capital Europe, commented: «We are proud to announce the successful closing of this new relevant transaction, particularly within the current Covid-19 context, representing another example of the highly professional and successful real estate investment banking work carried out by CG Capital Europe in Spain and Portugal ».
The Balec Projectes Immobiliaris is a real estate developer and asset manager with extensive experience in residential and social housing projects and belonging to the international group Grup Euroconstruc.