AltamarCAM Partners, a global asset manager focused on investing in private markets, in partnership with Terralpa Investments, a real estate investment manager focused on high-end residential opportunities in the Spanish market, are planning to launch a new €200 million ($199 million) investment vehicle in Spain.
The new fund will invest in high-end residential projects in Madrid and other Spanish cities, taking advantage of the favorable long-term fundamentals of the high-end residential segment where both AltamarCAM and Terralpa Investments have extensive experience.
AltamarCAM said the partnership is in line with its strategy to increase its direct investment activity in real assets through structured platforms with key players.
During the past few years, AltamarCAM has invested more than €750 million ($747 million) in this type of vehicles through various platforms in segments such as student housing, senior housing, multifamily and high-end residential.
