Madrid, Spain
MADRID – Starwood Capital Group has acquired a Spanish office portfolio through a controlled affiliate of the space. The five-asset, 844,000-square-foot acquisition was obtained from FREO, a German real estate management company, and Oaktree Capital Management, a US investment firm.
The portfolio consists of one Barcelona office building and four office buildings located in the Madrid submarkets of Julian Camarillo, Manoteras and Alcobendas. The firm aims to increase property occupancies and rents.
Dentons and Savills advised Starwood Capital on the transaction, and the seller was advised by Uria Menendez and CBRE.
Starwood Capital Group is a global private investment firm, headquartered in Greenwich, CT. The firm holds 13 offices in five countries and currently manages more than $60 billion in assets.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
