Yesterday, on 7 December 2019, IREIT Global did a presentation on a proposed acquisition of office buildings in Spain. It is a portfolio of four freehold multi-tenanted office buildings in Spain, two in Madrid and two in Barcelona. A join venture between IREIT Global and Tikehau Capital, the REIT will have a 40% interest. Total cost of IREIT Global's 40% interest in the joint venture is 57.6 million Euros.