Bloomberg – Hedge funds and private-equity firms are buying Spanish real estate after prices slumped, Financial Times Deutschland reported, citing Adolfo Ramirez-Escudero, the head of investment at CBRE Group Inc.’s Spanish business.
Ramirez-Escudero advised on four property deals valued at more than 100 million euros ($124 million) that were completed in recent months, the newspaper said. His clients are in talks about another 1.8 billion euros of transactions, more than twice as much as a year ago, FTD said.
