CBRE GIP and Madison join to buy €870m Spanish residential portfolio

CBRE Global Investment Partners (CBRE GIP) and Madison International Realty have joined forces to buy a portfolio of Spanish residential properties worth €870m. The newly formed joint venture bought the 6,458-unit portfolio as part of the recapitalisation of a fund managed by Azora, which had come to the end of its life. Azora will continue to manage the assets and has a minority stake in the venture.

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GCP Hospitality, a member of Gaw Capital Partners, expands its footprint in Europe through a joint venture with Omega Capital by acquiring Hospes Hotel Group in Spain

Real estate private equity firm Gaw Capital Partners today announced that the firm, through its European Hospitality Fund I managed by GCP Hospitality, acquired a 50% stake in Spain’s leading boutique hotel brand, Hospes Hotel Group, of which its total asset is valued at €125 million, forming a joint venture with the Spanish investment company, Omega Capital.

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