Invesco and Niöra invest €30M in a residential building in Madrid

<p>Invesco, a global real estate investment manager, and Niöra Real Estate, an investment company part of the Levante Capital Partners group, start their new partnership with the acquisition of a residential building at Calle Genova, in Madrid, in which they invest €30 million.</p>

With 6 floors, this building has a total of 6,088m², which will be fully rehabilitated and will give rise to luxury homes and shops on the ground floor, project to be completed in 2019, according to EjePrime.

This new joint venture will focus on creating luxury real estate projects, and is preparing to close a new transaction by the end of this year.

Photo: EjePrime

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