Azora closes a fund to invest up to 4.5 billion in real estate
Azora raises a total of €2.050 billion with its third value-added fund to invest in key markets such as Spain, Italy, Portugal and Greece.
Azora has launched its third value-added fund, Azora Southern Europe Opportunities III (SEO III), with a total of €2.050 billion raised. The fund will focus on investments in key markets such as Spain, Italy, Portugal, and Greece, and will have a total investment reach of over €4.500 billion with associated leverage. The fund has secured commitments from nearly 30 institutional investors from 16 countries and will invest in various sectors, including residential, logistics, urban asset conversions, and data centers.
Azora aims to achieve an annual net return of 15% with SEO III, which has a life span of eight years, with the possibility of a one-year extension.
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.
