FREO and US fund buy office portfolio from BBVA

FREO and a US fund have jointly purchased a portfolio of 14 offices from the BBVA. 

Much of this group of assets includes high quality assets in the principal submarkets of Madrid and Barcelona, such as  Julian Camarillo, Manoteras and Alcobendas in Madrid and 22 @ in Barcelona. The assets range from small amounts of capital expenditure and rent renegotiation/rental to repositioning projects and the total repositioning of assets. 

Spanish Real Estate explains that  FREO will be responsible for the management of assets in the portfolio and will carry out a variety of specific negotiation plans for the assets due to the heterogeneousness of the portfolio.