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Meridia Capital holds €215m final close

by Jody Barhanovich

Meridia Capital, an alternative investment fund manager based in Barcelona, has held a €215 million ($242 million) final close for its Meridia III fund, exceeding its €200 million ($226 million) fundraising target, according to spokeswoman Katia Göring. The final close also included co-investments. Meridia III follows a fundamentally similar strategy to its predecessor, Meridia II, which focuses its investments in Spain, mainly in Madrid and Barcelona. The fund takes a value-added approach, where it acquires and refurbishes all types of real estate assets, including development. These assets consist of office, retail, hotel, logistics, residential, commercial and any other type of REO assets. In May, Meridia III made its first purchase when it acquired a portfolio of nine assets in the metropolitan areas of Madrid and Barcelona. The portfolio includes eight office buildings, a logistics warehouse and 581 parking spaces. In addition, the fund’s current

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