Cain & Freo plan €200M Spanish offices investment

Cain International entered the Spanish market in December 2018 through a partnership with the Freo Group to develop a 14,800m² Grade A office complex in Barcelona’s 22@ district.

The Connecticut-based firm, which has invested over $3.7 billion in real estate debt and equity across the US & Europe since 2014, is in talks with Merlin Properties to purchase a portfolio of second-tier office assets for more than €200 million. The US firm is currently arranging the financing to proceed with the deal along with JV partners Freo.

Known as Project Juno, the portfolio include properties which do not currently fit into the the Spanish REIT’s investment strategy such as The Miniparc complex, in Soto de la Moraleja (Madrid), the headquarters of El Corte Inglés’ IT division, in Mirasierra (northern Madrid) and the Európolis business complex, in Las Rozas.

Cain International is a partnership between its CEO, Jonathan Goldstein, and Eldridge Industries. The firm also invests private equity related to hospitality, leisure, entertainment, social clubs and co-working businesses which target the evolving lifestyles of today’s consumers. The firm’s current portfolio of private equity investments includes The St. JamesThe AllBright, Maslow’s Mortimer House and Competitive Socialising.

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