Germany's Real I.S. said it has acquired a property in the Julian Camarillo office district of Madrid in a EUR 28 mln sale and leaseback with IT company Firma Atos Origin. The asset is earmarked for the institutional investment fund BGV Bayerische Grundvermögen III SICAV FIS. The four-storey building has a rentable surface of 8,000 m2, and an underground parking garage with 92 spaces. The property is fully leased.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
