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Southern Europe

PBSA project in Alicante attracts €17.5m Fiera loan

Amro Partners and Falco Capital have financed their joint student housing project in Alicante with a €17.5m 3-year development loan from Fiera Capital's European Real Estate Debt platform. The global asset management firm is making its debut into the Iberian market via the Article 8-compliant Fiera European Real Estate Debt F...
Friday, 15. March 2024

196+ forum Milan jury nominates Top 10 hotels

For the „Hotel Design Award 2024“, which will be presented at the 196+ forum Milan on Monday, April 15, the 12-member expert jury has nominated ten hotels from seven countries out of a total 37 applicants from 13 European countries.
Thursday, 14. March 2024

Real I.S. enters Portuguese market with acquisition in Lisbon

Real I.S. AG has acquired the office property K-Tower in Lisbon for its open-ended retail property investment fund Realisinvest Europa. Seller is the family-owned developer Krest Real Estate Investments. The parties have agreed not to disclose the price of the deal.
Wednesday, 13. March 2024

Chancerygate's European expanse takes pace

Chancerygate has opened an office in Madrid and appointed a development director for Spain as the urban logistics property developer and asset manager ramps up its expansion into Europe. Felipe Lainez joins from Mirastar Real Estate Investment where he was development director for southern Europe for the past four-and-a-half ...
Tuesday, 12. March 2024

Mitiska REIM sells two retail parks to Sogenial

Mitiska REIM on behalf of the FRI 2 fund sold a French and Portuguese retail park to Sogenial Immobilier. This sale marks the completion of Mitiska REIM’s value-creation programs for these assets, and follows similar divestments in Belgium, Portugal and Romania over the past three months which have delivered more than €500 mi...
Thursday, 7. March 2024

Summum Hotel takes over management for hotel near Toledo

Following a structured operator search process for the hotel, Christie & Co's investment team has formalised a lease agreement with Summum Hotel Group. From May 2024, the group will take over the management of the establishment. Villa Nazules Hotel Hípica Spa is located 25 kilometres from the city of Toledo, in a natural sett...
Wednesday, 6. March 2024

Castello SGR invests in Poltu Quatu €70m

Castello SGR, on behalf of its GEM fund, has purchased the Grand Hotel Poltu Quatu in northern Sardinia from Pulcini Group. The price of €70 million included the luxury hotel and approximately 100 residential units.
Tuesday, 5. March 2024

Covivio acquires 8.3% Generali stake in Covivio Hotels subsidiary

Covivio signed an agreement to acquire the 8.3% stake in Covivio Hotels held by Generali, in exchange for new Covivio shares. This transaction, which represents the equivalent of the acquisition of €500 million of assets and a capital increase of nearly €300 million, marks a major step in the reinforcement of Covivio in the h...
Tuesday, 5. March 2024

Savills promotes 15 new directors

Savills has announced the following promotions within its Europe and Middle East business, which took effect from 1 March 2024. The promotions will see 14 people moving up to director level, one to divisional director and 33 to associate director level.
Monday, 4. March 2024

IGD signs agreement for sale of retail portfolio

IGD SIIQ S.p.A has signed an agreement with Sixth Street, controlled affiliates of Starwood Capital and Prelios SGR S.p.A. for the sale of a portfolio of 13 assets for €258 million, consistent with the book value as of 31 December 2023. The transaction is expected to close by April 2024.
Thursday, 29. February 2024

Primonial REIM founds Spanish subsidiary

As part of its international expansion, the investment manager has founded a subsidiary in Spain. Primonial REIM Spain is headed by Felipe Pérez Agustín. He has been working for the company as Asset Manager for Spain and Portugal since mid-2023.
Thursday, 29. February 2024

Árima acquires MSD headquarters in Spain

Árima has reached an agreement to acquire the current headquarters of the multinational biopharmaceutical firm MSD, which will relocate to the Botanic building as part of the same deal. This deal will see the Socimi acquire an office building with strong uplift potential in a consolidated area of Madrid. The Company plans to ...
Wednesday, 28. February 2024

Colliers expands profile in Andalusia by opening Marbella office

Colliers has expanded its profile in Andalusia and the Costa del Sol by opening a Marbella office. This expansion reflects the company's growth strategy in the luxury residential market, reinforcing its business leadership in high-end residential and Branded Residences commercialisation, and in response to growing market demand.
Wednesday, 28. February 2024