KKR & Co. Inc. (formerly known as Kohlberg Kravis Roberts & Co. and KKR & Co. L.P.)

KKR & Altamar list Spanish residential fund.

Leading private equity firm KKR and a group formed by local and international investors including Madrid-based Altamar Capital Partners and London-based Deutsche Finance Group have created an investment platform with local property developer Elix to invest €100 million in the Spanish residential real estate market. The vehicle debuted with a price of €0.95 per share and a market cap of €43 million.

Elix Vintage Residencial Socimi, S.A., the newly listed REIT, aims to create a diversified portfolio of rented residential properties located mainly in the cities of Madrid and Barcelona. Its current portfolio comprises 4 buildings in ownership and purchase agreements for the acquisition of another 8 buildings.

Guillaume Cassou, Member and Head of European Real Estate at KKR and Chairman of the Socimi commented: “We are delighted with this new investment in Spain, where KKR has built up a strong presence and investment track record over the last years, and in a sector which we believe has a long-term upside. We also look forward to working closely with our partners Altamar and Elix.”

Deja un comentario

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *