Kiri AM acquires two residential assets in Madrid

Kiri AM acquires two residential assets in Madrid

Following the raising of a three million euro investment vehicle, Kiri Asset Management continues to expand its portfolio. The company has acquired two new assets for its residential portfolio, thus adding two homes on Calle Ponzano and Calle Hernán Cortés in Madrid for more than one million euros.

Regarding this vehicle, Ignacio Bernaldo de Quirós, CEO of Kiri AM, assures that «the objective is to continue investing in value add assets that qualitatively increase our portfolio and allow us to continue growing».

In addition, recently the Multifamily Office bought another three homes for the vehicle in the streets of Martínez Campos, Zurbano and Ríos Rosas in Madrid, of which two have already been transacted for more than 1.5 million euros and the other is currently in cost effectiveness.

On the other hand, the company is preparing another fund of eight million euros that will allow Kiri AM to acquire its first residential building in Madrid. To do this, they continue to search for a property that suits their strategy.

In this sense, Bernaldo comments that «our immediate future, without neglecting of course any of the services we offer to our clients, is to find a residential building that optimally adapts to what we want and thus finish raising the fund. We are working on that and we believe that it will come very soon ».

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