UBS Asset Management's (UBS-AM) Global Real Estate (GRE) business has acquired two properties in Spain which together bring its assets under management across the Iberia business to circa €700m. GRE has operated in Iberia, including Spain and Portugal, since 2003 and currently manages seven funds or separate account mandates with a portfolio of assets across the office (65%), logistics (5%) and retail (30%) sectors.

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