Starwood compra a Nuveen 1.100 viviendas por 240 millones

Starwood has purchased approximately 1,100 properties in Madrid, Córdoba, and Pamplona for around 240 million euros from Nuveen. They have chosen Clikalia to manage and commercialize the portfolio. Nuveen initially developed these properties for rental purposes, and now Starwood plans to keep the Córdoba and Pamplona assets as rentals and sell the Madrid units as a whole.

Clikalia will handle the marketing and sales, having already begun digital marketing using video renders and a call center, which has generated transactions and improved the operation's profitability. This acquisition adds to Starwood's growing presence in the residential sector, following recent deals with Brookfield. The sale is part of Nuveen's divestment strategy from the rental platform, as they have already sold nearly all of the nearly 3,000 units in this portfolio, except for a project in Berrocales, now under construction with about 420 units.

Nuveen has also sold a Valencia residential project to M&G for 80 million euros and transferred a multi-residential complex in Madrid's Cuatro Vientos to Hines. Other properties sold to Nuveen include two in Torrejón de Ardoz and Tarragona to another Nuveen-managed fund. These acquisitions allow Starwood to enter the residential market, an area they previously explored through Castlelake's Aedas sale.

Starwood is one of the world's largest private investment firms with significant influence in the real estate sector. In Spain, Starwood is particularly active in the office market. In July, Starwood sold its Omega office park in Madrid, consisting of five buildings, to Portuguese manager Square Asset Management for 104 million euros.

They also own Las Mercedes, an industrial park near Madrid-Barajas airport. Starwood is among the investors closing significant residential rental property purchases recently, such as Brookfield's acquisition of 5,000 units in Madrid from Fidere, Hoopp's purchase of 2,300 units from Socimi Iante, and Patrizia's acquisition of 1,200 rental units in Barcelona and other Spanish municipalities for over 350 million euros.

German infrastructure fund MEAG bought half of an affordable housing portfolio of almost 1,800 units spread across Madrid and Valencia.