The fund manager Patrizia has closed the purchase of a portfolio of ten residential properties in Barcelona for 600 million euros, through the Living Cities fund. The acquired portfolio includes new build-to-rent buildings and others due for delivery over the next year, according to a company statement on Tuesday.
The ‘fund manager’ of Living Cities, Sebastian Dietert, has explained that the company has used artificial intelligence to verify that the assets acquired “They are very well located in their respective macro and micro locations.”
“Barcelona, like all the cities in which we invest, offers stable profitability and long-term capital growth“, added Dietert.
The background that has acquired the properties has a capital of 1,500 million euros and is present in countries such as Denmark, Ireland, the United Kingdom and Sweden.