Meridia announces Meridia V fund

Meridia, the Spanish-based alternative investment manager, announced the launch of a new fund, Meridia V, after completing a first close. Meridia expects the fund to be its largest vehicle raised to date.

The fund is seeking to invest in diversified value-add real estate opportunities in Spain, primarily in Barcelona and Madrid, though it also will look for opportunities in select provincial cities.

The fund seeks to transform real estate assets and to focus on adhering to the highest ESG standards. Meridia V is classified as an Article 8 fund under the Sustainable Finance Disclosure Regulation, meaning that it will promote environmental and social objectives.

“We will continue to execute our thematic, growth-focused investment strategy, while prioritizing investments with strong local proprietary angles,” said Héctor Serrat, real estate partner at Meridia. “By combining our strategic approach, market expertise and commitment to sustainability, Meridia V aims to capitalize on the current window of opportunity.”

The fund has made two investments to date in premier hotels in Barcelona (Hotel Gallery) and Málaga (Hotel Molina Lario).

Meridia IV, the fund’s predecessor, closed in November 2020 with $302 million (€250 million) in capital commitments.