Southern Europe

French investment manager Extendam has acquired the four-star Hilton Garden Inn Sevilla Hotel from Aliseda Inmobiliaria, a subsidiary of Blackstone for around €15 million. The Continuum Hospitality Group, which already operates six other Spanish hotels for Extendam, is also on board.

According to market information, Gruppo CHC has completed the purchase of three hotels. The Holiday Inn Naples (326 rooms), the Villa Ducale Parma (113 rooms) and the My One in Bologna (98 rooms) were previously part of the Bayview Italia portfolio. The new owner plans to extensively modernise the three 4-star hotels. The dea...

Limehome grew its portfolio by almost 14 percent in the first quarter of 2024. By the end of March, the company signed a total of 800 new apartments, bringing the total European portfolio to 6,800 apartments. The majority of new leases are located in Austria, Portugal, Spain, and Italy, emphasizing the company's status as one...

AtlasEdge celebrates its entry into the Portuguese market with the acquisition of two adjacent sites in Lisbon that will deliver more than 20MW of IT load. These sites mark the first stage in a strategic plan for Portugal by the data centre provider, which will see the company invest more than €500 million in the coming years.

IGD SIIQ S.p.A signed the definitive contract, in execution of the preliminary agreement disclosed to the market on 23 February 2024, with Sixth Street and controlled affiliates of Starwood Capital and Prelios SGR S.p.A. The transaction involves the sale, by IGD, of a real estate portfolio for €258 million, consistent with th...

The VGP Group begins work on the battery assembly plant for MOBIS Spain at VGP Park Pamplona Noáin.

PGIM Real Estate and Sierra Sonae have formed a joint venture focused on hospitality investments that has acquired its first asset in the centre of Porto. The hotel is expected to open in H2 2024 and will be positioned in the upper upscale hotel segment. The operator of the hotel will be Lisbon-based Iberian Hospitality Solut...

The office complex K-Tower in Portugal's capital Lisbon was the big winner at the real estate Oscar award ceremony in the Portuguese city of Sintra on 18 April 2024 with first place in the two categories „Office“ and „Excellence in Efficiency & Sustainability“. The recently acquired K-Tower represents Real I.S.'s first acquis...

Europe's average office occupancy rate has risen from 55% to 59% over the last year, says Savills, with Madrid now standing at 68%, almost back to the European pre-pandemic average rate of circa. 70%. London West End and Paris CBD have the second and third highest rates, at 61% and 59%, respectively. Warsaw has seen the highe...

Colonial has placed two debt placements totalling €70m and €130m, respectively, on its bond maturing in November 2029 with a BBB+ rating from S&P and listed on Euronext Dublin.

Nido Living has launched its first scheme in Valencia with 253 beds. Nido Malvarrosa is the company's third project overall in Spain following PBSA assets in Seville and Madrid. Valencia represents the company's first 'flex living' accommodation in the country and it is aimed especially at university students, amongst other r...

Travelodge has acquired six hotels, totalling 773 rooms, in Spain from Louvre Hotels Group.

According to several media reports, the five-star, 210-room Bauer Hotel in Venice has been acquired by global investment firm King Street Capital Management, one of Signa‘s sponsors. The hotel will be operated by Rosewood Hotels & Resorts. The hotel chain and Signa have signed a management contract for the new landmark in 202...

This year's winner of the „Hotel Design Award“ is The Rome Edition in Rome, Italy. The prize was awarded yesterday at the 196+ forum Milan.

A partnership comprising Amro Partners, IP Investment Management ('IPIM') and Heed Capital ('Heed') has secured planning approval for Amro Valencia Puerto, Amro's second PBSA asset in the city and IPIM & Heed's maiden investment in Valencia. Planning consent was secured within a 12-month timeframe, a local record, with constr...

IHG Hotels & Resorts signs Kimpton Lisbon, the first Kimpton Hotels & Restaurants property in the Portuguese capital. Set to open its doors in early 2025, the boutique luxury hotel marks the second Kimpton to come to Portugal, following the signing of Kimpton Algarve São Rafael Atlántico in late 2023.

CPI Property Group appoints Stefano Filippi as Head of Corporate Finance. In addition to his group corporate finance responsibilities, Stefano will also assume the role of country manager for Italy. Giuseppe Colombo, who served in that role with distinction for nearly five years, will remain with CPIPG as Senior Advisor for I...

The Iberian Peninsula and Italy have emerged as the most sought-after hotel investment destinations in Europe for 2024, according to Cushman & Wakefield's latest sector analysis.