Miami-based developer Elandis, part of Libra Group, entered the European market with an office in Madrid. The new team will target investment and management opportunities in Spain’s residential, commercial and hospitality sectors. Elandis said it will consider investments ranging between $16.7m and $55.5m. The Spanish division is looking to replicate the company’s strong track record in the acquisition, improvement and sale of real estate across the Americas.The company owns 2,500 residential units, 25 hotels and 10 real estate projects across six countries, as well as a portfolio of more than 5.8 million sq ft of space in various stages of development.
