Norges will buy a portfolio of 1,900 rental apartments in Spain
Norway's fund, together with Azora, is already negotiating exclusively the purchase of a portfolio made up of 1,910 homes for €510 million.
Norges Bank Investment Management and Azora are in exclusive talks to buy a portfolio of 1,910 homes for €510 million. The homes, owned by Greystar and Via Célere, are mainly located in Madrid, with others in Sevilla, Bilbao, Málaga, and Valencia. The portfolio consists of new-build properties developed between 2023 and 2025, with only 7% being regulated segment homes.
This deal comes after Norges Bank agreed to buy eight shopping centres from Sociedad General Inmobiliaria de España for €1,520 million on July 31. Azora is strengthening its presence in the rental residential segment, where it has been active since 2004.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
