Madrid-based European private equity real estate manager Azora’s European Hotel & Lodging fund has completed its first acquisition since assembling its seed portfolio last summer with the purchase of the Arenas Resort Giverola, in the Northern Spanish Costa Brava, from Swiss hotel group Arenas The Resorts.
Big pension funds, insurers and major asset managers intensified their investment activity in the week before Expo, with well over €2 bn of real estate changing hands.
