Testa acquires €228m Spanish resi portfolio from Caixabank

Madrid

Testa Residencial has acquired a 1,458 apartment portfolio from Caixabank´s real estate subsidiary BuildingCenter SA for €228m (£200m).

The portfolio is predominantly focused on Madrid, Mallorca, Barcelona and Valencia where 66% of the 42 buildings are based with the rest located in other metropolitan areas in Spain.

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