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Southern Europe

Apex Alliance and Pavăl Holding buy Grand Hotel Gardone

The Lithuanian group Apex Alliance announces the successful acquisition of the iconic Grand Hotel Gardone, inaugurated in 1884 on the shore of the Italian Garda Lake. The deal was concluded with the participation of Romanian investor and partner Pavăl Holding.
Thursday, 1. June 2023

AC Hotels announces opening of its first hotel in Malta

AC Hotels by Marriott, part of Marriott Bonvoy’s portfolio of 30 brands, has expanded its European footprint with the opening of its first property in Malta. AC Hotel by Marriott St. Julian’s brings The Perfectly Precise Hotel experience to the vibrant coastal town of St. Julian’s. Owned and managed by The Ona Hospitality Ltd...
Wednesday, 24. May 2023

VGP Joint Venture acquires €253 million logistics portfolio

VGP NV and PIMCO Prime Real Estate, acting on behalf of several Allianz Group companies, today announced the signing for the fourth closing between VGP and their 50:50 joint venture, VGP European Logistics 2 (also called ‘Aurora’). The transaction comprises 11 logistic buildings, including 5 buildings in 4 new VGP parks and a...
Wednesday, 24. May 2023

Savills IM acquires supermarket portfolio for €39 million

Savills Investment Management (Savills IM) has acquired a supermarket portfolio comprising four strategically located properties in Portugal for its European food retail strategy. The purchase price was around €39 million. With this purchase, equity commitments for the strategy grow to a volume of €470 million – with properti...
Tuesday, 23. May 2023

TCC agrees 8,601 sq m lease to AGCO Iberia

Trammell Crow Company (TCC) has agreed an 8,601 sq m (92,580 sq ft) lease to AGCO Iberia, coinciding with the completion of the site in Granollers – its first completed logistics project in Europe.
Monday, 22. May 2023

Europa Investimenti hires Roberto Rondelli

Europa Investimenti S.p.A., an advisor to the Arrow Credit Opportunities (‘ACO’) I and ACO II investment funds, announces the appointment of Roberto Rondelli as Head of Going Concern Strategies, Italy.
Monday, 22. May 2023

Southern European hotels continue to shine

According to Savills latest research, European hotel transaction volumes in Q1 2023 were down 18.6% YoY to total €3.1bn, with the slowdown being primarily driven by Europe’s biggest hotel investment markets, UK and Germany. However, Q1 2023 volumes in France were up 136.2% year on year and although Spain reported year on year...
Friday, 19. May 2023

Panattoni to build XXL project Panattoni Park Miranda de Ebro

Panattoni today announced the construction of a new logistics platform in the province of Burgos, specifically in the city of Miranda de Ebro. The total surface area of the complex will be around 131,000 m² of gross leasable area, to be built in two phases, of which 127,773 m² will be used for warehousing and almost 4,000 m² ...
Monday, 8. May 2023

ASLI completes sale of 32,645 sqm warehouse in Leon

abrdn European Logistics Income has completed the sale of a 32,645 sqm warehouse, in Leon, Northern Spain, to SCPI Iroko Zen, for €18.5 million. The disposal price reflects a 3% premium to the 31 December 2022 valuation.
Friday, 5. May 2023

Hines acquires five logistics assets on behalf of HEPP fund

Hines has acquired five logistics assets across three separate transactions from different vendors throughout the United Kingdom, Spain, and The Netherlands on behalf of its Hines European Property Partners (HEPP) core-plus fund.
Thursday, 4. May 2023

Treasurests operates JP Hospitality Hotel in Madonna di Campiglio

Treasurests Hospitality Group with the franchise brand Casa Cook is the new operator of JP Hospitality Hotel in Madonna di Campiglio, a ski and summer resort in northern Italy. JP Hospitality Investors Club has acquired the former Hotel Milano last year. PKF hospitality group acted as commercial advisor to JP Hospitality.
Thursday, 4. May 2023