PATRIZIA completed the acquisition of the Barcelona residential portfolio from BeCorp for $653m.

PATRIZIA, a partner for global real assets, completed the acquisition of the Barcelona residential portfolio from BeCorp, an operator of an online housing platform, for $653m. “All investment decisions for our Living Cities fund are supported by data intelligence analytics that measure the attractiveness and future potential of the assets we target. In combination with our strong local knowledge, over 200 residential real estate professionals, plus our expert alternatives team, we delivered on a complex, structured investment for our clients. Using our AI technology, we found that the Barcelona assets we have purchased are all very well positioned in their respective macro and micro locations in terms of their proximity to amenities with exciting future growth prospects,” Sebastian Dietert, PATRIZIA Fund Manager.