The bank has completed the sale of a commercial real estate (CRE) portfolio in the United States.

A KPMG's report.

The average rent in Spain has doubled over the past decade, while the availability of rental apartments has steadily declined.

The deal is Masdar’s latest involvement in the southern European power space, following its €3.2 billion (US$3.4 billion) acquisition of Greek power company Terna Energy.

Anticipation for the real estate market is increasing, as interest rates are predicted to decline further.

The completion of the significant €180 million project is expected by 2027.

The total consideration for the purchase of the office portfolio amounted to €69.19 million.