This represented Spain's largest asset transaction in 2018. The portfolio included El Faro, in Badajoz, Los Arcos, in Seville, Bahia Sur, in Cádiz, and Vallsur, in Valladolid.
In this transaction, Morzal Property Iberia was backed by the south African listed Vukile Property Fund. This is the third acquisition that RPE has undertaken on behalf of Vukile in the past 12 months, with a total investment volume close to 800 million euros.