Azora, the Madrid-based European real estate investment manager, has made progress on the buy-side for its European Hotel and Lodging Fund via the purchase of Praia d’El Rey Resort in Óbidos, PortugaL, from Oxy Capital and Fondo Aquarius. The investor kept the deal value under wraps.
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.
