Aquila Capital, one of Europe’s leading independent alternative investment managers, has purchased a property in the heart of Madrid on behalf of an institutional mandate. The total investment volume is EUR 28 million. The building, which will be converted into a hotel over the next 18 months, is located in Calle de las Huertas, one of Madrid’s prime tourist locations.
Sven Schoel, Director Real Estate Investments at Aquila Capital, said: “The exclusive location makes our new asset an ideal addition to Madrid’s current top tier hotel offering.”
This is Aquila Capital’s second purchase of a Madrid property within a year. In August of 2014, the German-based company purchased a 30-year-old, 378-room hotel on behalf of an institutional mandate. Located next to Madrid’s Chamartín station, the hotel is set to benefit from new management and extensive refurbishment as well as from the greater importance of Chamartín station itself, which is expected to see a marked increase in train traffic over the next few years.
Sven Schoel added, “The acquisition of another new asset in one of Madrid’s top tier locations reflects Aquila Capital’s strong market access within the Spanish real estate market.”
About Aquila Capital
Established in 2001, Aquila Capital is committed to provide institutional investors worldwide with alternative investment solutions in real assets, financial and private markets. Applying a multi-disciplinary investment approach, Aquila Capital’s range of alternative investments is managed by dedicated specialists in their respective asset classes and underpinned by an infrastructure that combines strong operations, stringent corporate governance and a successful track record. Aquila Capital has been dedicated to develop alternative investment solutions since its establishment. Over 200 professionals across eight offices globally are working across the whole value chain of alternative investments to generate stable, positive returns for investors.
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