Big US Developer Targets Spanish Real Estate

07/04/2014 18:14

The Related Group – a big US real estate developer – is heading for Spain with a war chest of 500 million Euro to spend on property deals in Madrid, Barcelona and Valencia, reports the Spanish press.

Headed by the Argentine-born Jorge Pérez (pictured above), Chairman and CEO of the Related Group of Florida, the company believe that Spain has great potential as a market for first and second homes, and is currently “interesting” for investors, according to an article today in the Spanish daily El Mundo.