The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

CaixaBank, Flanks
Flanks, a Spain-headquartered wealthtech company, has been selected by Spain’s CaixaBank Wealth Management to underpin GlobalView, a new multi-custodian financial position aggregator from a large European financial institution.

GlobalView enables CaixaBank's private banking clients holding assets across multiple financial institutions to consolidate and analyse all their financial positions under a single, unified framework, the firm said in a statement. Flanks provides the automated connection, daily data collection, and standardisation layer that makes this possible, drawing on its connectivity with financial institutions across 33 countries to extract, normalise, and enrich position data from any custodian and deliver it in a format CaixaBank can use.

The consolidated data feeds directly into CaixaBank Wealth Management's GPS platform, powered by BlackRock's Aladdin Wealth™ technology, giving managers access to sophisticated portfolio analytics – including risk scenario simulation, asset class breakdowns, and investment exposure analysis – across positions held both inside and outside the bank.

The launch of GlobalView will initially be available to CaixaBank's Global Wealth clients – those with an independent advisory contract and more than €4 million ($4.73 million) in assets – before being extended to the broader private banking division.

Mapfre, Manova Partners
Mapfre, a large Spanish insurance company, and Manova Partners, an international real estate investment business based in Munich, have acquired the fully-let Grade A office property One Haddington Buildings in Dublin for the Stable Income European Real Estate Fund 2 (SIEREF 2). 

Located on Haddington Road in the heart of Dublin's Central Business District (CBD), the four-story property has about 3,800 square metres of lettable space and 23 parking spaces, the firm said in a statement.

“An acquisition like One Haddington Buildings fits perfectly into Mapfre’s real estate strategy, which prioritises investment in high-quality office buildings in prime locations that can provide a stable source of income over the long term. Our investment strategy in alternative assets has proven successful in recent years, and we will continue to explore this avenue in partnership with our top-tier partners,” Carlos Díaz Gridilla, managing director at Mapfre Inmuebles, said.

“With One Haddington Buildings, we are acquiring a future-proofed and ESG-compliant office property in one of Dublin's most established office locations,” Christian Göbel, co-CEO at Manova Partners, added.