Nou Llevant, Palma de Mallorca Project – Turn-key Residential Building

Transaction info.

Year – 2020
Transaction Type – Sale
Asset Type – Residential Building

Address – Nou Llevant, Palma de Mallorca
Number of Households – 203
Investment Volume – Confidential

Buyer – AEW
Seller – Metrovacesa

Description

TC Gabinete Inmobiliario once again advises AEW, one of the largest real estate asset managers in the world, in the acquisition of a turnkey project owned by Metrovacesa located in Nou Llevant, Palma de Mallorca, the most important urban transformation area of the Balearic capital.

This Turnkey / Build to Rent (B2R) operation includes the construction of two residential buildings that will have a total of 203 homes and is expected to be completed in 2023.