Starwood Capital Group acquires Spain office portfolio

Starwood Capital Group, a global private investment firm focused on real estate and energy investments, has acquired a five-office building portfolio in Spain from Oaktree Capital Management and German real estate management company Freo, for an undisclosed sum.

Three of the office buildings are located in Madrid, with one in Barcelona and one in Alcobendas (Madrid). The transaction encompasses 78,428 square meters (844,192 square feet) and 1,323 parking spaces.

The buildings are let to multiple tenants, including BBVA, Air Finance and Indra.

Global law firm Dentons advised the company on the acquisition.

In late June, Starwood also agreed to acquire a 342-unit garden-style multifamily project in East Austin, Texas, adding to the company’s g