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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
New investment manager Aurea RE created in Madrid
Maxime Barkatz, former CEO of French REIT/SIIC Affine's Concerto development unit, has started an investment management firm in Madrid named Aurea Real Estate. Aurea aims to acquire commercial property with an opportunistic return profile. These will be medium-sized assets, up to e25m, with strong value-add profiles over a holding period of 3-5 years. Barkatz gave no target AUM volume for Aurea in the near term. Aurea is studying projects in France and Spain. "In as far as we are opportunistic investors, we will be acting largely in a contrarian manner compared to the market," Barkatz said. (See upcoming PFE/PIE issues for full story)