Private equity firm Carlyle Group to take advantage of Spanish property slump

US based Carlyle Group, one of the world’s largest private equity firms, is opening an office in Madrid with plans to invest up to 1 billion Euros in the Spanish property market.

Carlyle, which already owns emblematic properties like the Telefonica building in Barcelona, and with various high end properties in Madrid, will use a new 2.2 billion Euro real estate fund to snap up bargains in Spain’s distressed property market.

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