Pictet and Lasabia formed a joint venture.

Pictet, an alternative investment firm, and Lasabia, a Spanish REIT, formed a joint venture, a firm aimed at the development of build to rent properties. Financial terms were not disclosed. The new joint venture will focus on the creation of a housing platform characterized by its quality, added value and services within the M-30 or nearby areas. It expects to reach a volume of several hundred units under management in the coming years and will mean consolidating, they say, a portfolio highly differentiated by location selection and unique characteristics.