CBRE Investment Management acquires residential portfolio in Barcelona

CBRE Investment Management (CBRE IM), on behalf of a fund sponsored by the firm, has acquired a portfolio of two residential assets currently under construction in Barcelona and Badalona.

Culmia Barcelona comprises two assets in La Marina and Badalona, totaling 566 homes, of which 36 percent are destined to become affordable housing, and ancillary retail space accounting for less than 10 percent of the scheme.

Barcelona La Marina is a state-of-the art residential scheme that will offer new homes with a range of amenities to a full affordability spectrum, targeting a wide audience from young professionals to families and seniors. It is located 1.5 kilometers (0.9 miles) away from Gran Via de les Corts Catalanes, in the marina area, and residents will benefit from many shops, restaurants and bars in the surroundings and good public transport connections.

Badalona Gorg is located in an emerging high-end residential area close to the new recreational canal in Badalo