JZ Capital Partners Limited, alongside its long-term real estate partner, RedSky Capital, has acquired 2700 NW 2nd Avenue, a new property in the Wynwood neighbourhood of Miami, Florida.
The purchase price was $30.8 million, of which JZCP provided $12.9 million.
JZCP and RedSky plan to develop two Class-A buildings with ground floor retail, several floors of office space and below grade parking.
At 8:18am: (LON:JZCP) JZ Capital Partners Ltd share price was +0.5p at 468p
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