Meridia Capital Partners and Patron Capital Partners have launched a new private equity fund with the aim of investing in real estate projects in Spain’s Iberian region. The pair have signed a partnership agreement to invest more than €400 million of capital; Meridia will provide up to €150 million through its Meridia Iberian Real Estate Fund and Patron will contribute around €250 million to the venture. “This partnership will reinforce our position in Spain, helping us benefit from the recovery of the Spanish economy and the new cycle in the Spanish real estate investment market,” commented Pedro Barceló, managing director of Patron Capital Partners Iberia.
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