Primevest Capital Partners completed the acquisition of Albacete residential development project of Grupo Albaluz.

Primevest Capital Partners, a private equity firm, completed the acquisition of Albacete residential development project of Grupo Albaluz, a real estate developer. Financial terms were not disclosed. “Our third residential acquisition in Spain is completely in line with our investor’s investment strategy for the country. The development represents a solid investment opportunity on an A location in the capital of the Spanish province of Albacete, thanks to its proximity to the old city centre and other amenities as well as its high technical and sustainability standards," Olaf Steinbusch, Primevest Senior Acquisition Manager.