Elandis Enters Spanish Market with First European Office
- Jun 27, 2016
Madrid—Miami-based Elandis, real estate development and management company of the Libra Group throughout the Americas, entered the European market with a new office in the Spanish capital city of Madrid.
The new venture will offer the possibility to explore numerous residential, commercial and hospitality sector investment and management opportunities throughout Spain. Elandis in Spain will consider a wide range of investments typically in the $16.7 million to $55.5 million region–not only in the country’s main cities but in all of its autonomous regions. The new division is looking to replicate Elandis’s strong track record in the acquisition, improvement and sale of real estate across the Americas.
“We are confident that our investment strategies and property management methodologies, now well-proven in the Americas, will be highly relevant to the real estate market in Spain,” said Frank Espinosa, CEO of Elandis, in prepared remarks. “Our team in Madrid is all about professional, flexible investment decisions and will consider the whole range of real estate asset classes. We are accustomed to working internationally and this new office opens up many new opportunities.”
Elandis has particular knowledge in restoring and refurbishing multifamily properties and considerable experience in owning and developing hotel assets for the hospitality industry. It is currently partnering with Hyatt Hotels to develop and own nine branded hotels in major towns and cities across Brazil.
The company has 2,500 residential units, 25 hotels and 10 real estate development projects across six countries, as well as a portfolio of more than 5.8 million square feet developed and under development.