M&AReal EstateSIGNED
Ritz hotel brand chooses Madrid for its residential business debut
Value
€150M
Acquirer
Blasson Property and Pictet Alternative Advisors
Target
Former Audiencia Nacional building (for residential conversion)
The Ritz hotel brand has selected Madrid for its first 'branded residences' project. Blasson Property and Pictet Alternative Advisors will invest 150 million euros to transform the former Audiencia Nacional building into 29 ultra-luxury homes.
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