German asset manager Patrizia grows in Barcelona. It has acquired from Metropolitan House two turnkey residential buildings for rent in Badalona and Esplugues de Llobregat. The transaction was closed for EUR 52 million on behalf of its institutional clients.

Once construction is completed, scheduled for completion by the end of 2023, the building will comprise 128 dwellings. Metropolitan House, until now owner of the land, with a surface area of of 7,305 square metres in the case of Esplugues and 7,170 square metres in the case of Badalona,, will be responsible for the construction of these two new residential assets, which reinforce Patrizia’s commitment to the Build to Rent segment. Build to Rent…

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