Living sector real estate investor Greystar has bought a development site in Spain for 458 apartments and secured a €56.1 million construction loan from Eldridge Real Estate Credit for the project.
Greystar said it has acquired the development site in Madrid from Bermejo & Williamson Real Estate, without disclosing the purchase price.
The apartment project, located in Boadilla del Monte is expected to be completed in 2027. The project expands Greystar’s Be Casa brand, which includes locations in Barcelona and Bilbao, and comprises a portfolio of over 5,000 furnished apartments, including those under development.
Source: IPE Real Assets, 2 April 2025
https://realassets.ipe.com/news/greystar-secures-56m-eldridge-loan-to-develop-458-apartments-in-spain/10129795.article