Aberdeen Standard Investments completed the acquisition of the two build-to-rent projects in Madrid from Dazeo for $64m.

Aberdeen Standard Investments, an investment company, completed the acquisition of the two build-to-rent projects in Madrid from Dazeo, a joint venture between Dazia Capital and Eurazeo, for $64m. The two new properties, located in the southwest of the Arganzuela district, were acquired off-market and under a turnkey scheme. Both assets total 10k m2 and 150 flats. One is located in the Embajadores area, and the other, next to the Delicias metro station.