Hines completed the acquisition of a 531-unit build-to-rent asset in Madrid from Nuveen and Kronos JV for €155m.

Hines, a global real estate investment, completed the acquisition of a 531-unit build-to-rent in asset the Cuatro Vientos District of Madrid from a joint venture between Nuveen Real Estate and Kronos Investment Group for €155m. "This transaction clearly reflects our ability to identify opportunities, develop quality products, and successfully execute value-creation strategies," Marta Cladera de Codina, Nuveen Head.