AXA IM Alts has sold a €300m portfolio of Spanish properties to IBA Capital Partners and Batipart Europe.
The portfolio includes a 60,000sqm office complex at Ramírez de Prado 5 in Madrid, a 6,000sqm office in Ramirez de Arellano, Madrid, a 35,000sqm logistics asset in Barcelona, and a plot of industrial development land in Barcelona.
John O’Driscoll, global co-head real estate at AXA IM Alts, said: “This transaction is the result of effective coordination and execution across a complex process, shaped by both the scale of the deal and wider market dynamics.
“Throughout our long-term ownership of the portfolio, the assets performed well, with our asset management teams driving performance and the sale culminating a strong result for our clients.
“This disposal aligns with AXA IM Alts’ broader strategy of actively managing and divesting assets where value has been realised, allowing us to redeploy capital into new opportunities with longer term growth potential in our conviction asset classes.”
To read the latest IPE Real Assets magazine click here.
