CBRE Investment Management has acquired through a forward purchase, on behalf of a fund sponsored by the firm, residential asset Badalona Port in Barcelona from Spanish real estate developer Culmia.
The scheme will provide 129 apartments, offering homes across the full affordability spectrum and targeting residents who are young professionals, families, and senior citizens. The scheme will also provide 5% social housing.
The scheme comprises two buildings offering two, three, and four bedroom apartments, ranging from 78 square metres to 182 square metres. Located in an excellent and densely populated urban location within Badalona, Barcelona’s core metropolitan area, the asset will comprise of dwellings and retail spaces. The gross internal area for residential units will amount to 10,891 square metres, with 1,889 square metres for communal areas and 1,378 square metres for retail space.
Source: cbreim.com on the 31st of May 2023
https://www.cbreim.com/press-releases/cbre-im-aquires-from-culmia-affordable-and-sustainable-residential-asset-in-barcelona