Cookie Error:

Cookies deactivated. To use all functions on this portal, for example the login, Cookies must be activated. Please activate Cookies in your browser settings.

» Chronological View: " Southern Europe " «

Warburg-HIH Invest sells retail property in Bologna

TH Real Estate, on behalf of Warburg-HIH Invest Real Estate (Warburg-HIH Invest), just sold a retail property with a gross lettable area of 5,860 square metres in the Italian city of Bologna on behalf of its “Pan-Europa Fonds Nr. 3” investment fund. The sale was brokered by TH Real Estate. The Gran Reno Retail Park was raised...
Wednesday, 19. September 2018

Merlin Properties agrees to sell its stake in Testa Residencial for €321.2 million

Merlin Properties, Banco Santander and BBVA have formalized, on 14 September 2018, an agreement with Tropic Real Estate Holding for the sale of 50.01% of Testa Residencial. The sale proceeds obtained will be used to reduce the leverage in line with the objectives of the business plan of the Company. Merlin Properties acquired...
Tuesday, 18. September 2018

Savills Aguirre Newman Portugal re-brands to Savills Portugal

Following the acquisition of Savills Aguirre Newman at the end of last year, has been announced that the Portuguese arm of the company will re-brand to Savills Portugal, taking effect on 17 September 2018. The 21-strong team will remain at the existing headquarters in Lisbon at Praça Marquês de Pombal. The announcement follow...
Tuesday, 18. September 2018

Threestones' Eurocare Fund expands portfolio with two care property

TSC Real Estate Germany GmbH, on behalft of TSC Eurocare Real Estate Fund (Eurocare Fund), has acquired a care property in Germany as well as in in Italy. This brings the portfolio of the Eurocare Fund, launched in 2017 and currently in the investment phase, to seven care properties. Three of the assets are in Germany and fou...
Monday, 17. September 2018

Great momentum in Spain's real estate market

Spain's positive economic development is providing the local real estate market with ongoing tailwind. A recent study carried out by Deutsche Hypo comes to the conclusion that the markets for office, retail, hotel and logistics real estate are on a growth trajectory and that they will also be maintaining this growth.
Monday, 17. September 2018

CBRE GIP and Madison acquire 6,458 resi portfolio for €870 million

CBRE Global Investment Partners (CBRE GIP) and Madison International Realty have acquired a 6,458-unit portfolio of residential properties valued at €870 million. The portfolio has been purchased as part of the recapitalisation of a fund managed by Azora, which had come to the end of its life. Azora will continue to manage th...
Wednesday, 12. September 2018

M&G RE to drive European expansion with new appointments in Italy and Spain

M&G Real Estate has announced its first appointment in Italy and its second in Spain in a further step to drive ongoing expansion in Europe. Luigi Miranda has joined as an Associate Director in the Asset Management Team, reporting to Marc Reijnen, Head of Asset Management, Continental Europe. In Spain, Fernando Valcárcel Sánc...
Tuesday, 11. September 2018

Patron appoints Matteo Busà to lead €200-300m of equity investment

Patron Capital has appointed Matteo Busà as a Partner, leading Patron’s investments in the country. Busà joins from GIC, the Singapore Sovereign Wealth Fund, where he was a Vice President. He spent 10 years with GIC in total, including eight in London, where he originated and managed investment opportunities across multiple c...
Monday, 10. September 2018

Commerz Real leases out 27,300 square metres near Milan

Commerz Real has leased out 27,300 square metres in the office complex Le Quattro Porte in Segrate near Milan, of which 24,300 square metres have been leased to the sitting main tenant IBM, which has signed a new contract for further nine years with an option for an additional six years. Moreover, the canteen operator Sodexo ...
Monday, 10. September 2018

Barings acquires five office buildings in Avalon Business Park in Madrid

Barings Real Estate has acquired five office buildings within Avalon Business Park, Madrid, Spain, as part of a Pan European value add investment strategy on behalf of an institutional investor. The seller is Meridia Capital. The five office buildings comprise 24,495sqm and are best in class in this submarket. The buildings a...
Wednesday, 29. August 2018

Axactor and Reolux close loan facility with Nomura for refinancing of REO portfolios

Axactor and Reolux Holding S.à r.l has closed the approximately €96 million senior secured term loan facility with Nomura International plc to refinance Reolux's existing Spanish Real Estate Owned (REO) investments. Nomura acted as Arranger for the facility. „Closing of this transaction is an important milestone in establishi...
Monday, 27. August 2018

Spanish logistics market booms with record take-up

Record levels of take-up have been reported in the industrial sector across Spain, according to a recent report from Savills Aguirre Newman. Madrid reported a total of 451,000 sq m in 36 deals, representing a 17 per cent y-o-y increase. Barcelona reported the same number deals but experienced a greater relative rise of 74 per...
Friday, 24. August 2018

European logistics yield falls below 6% for first time on record

The overall European logistics yield dropped 14 bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report. All logistics markets monitored in Germany, Italy and Sweden recorded ...
Tuesday, 21. August 2018

European industrial and logistics investment remained strong in H1 2018

European industrial and logistics investment remained strong during the last 12 months, according to CBRE's EMEA Industrial & Logistics – Capital Markets Snapshot. Investment volumes reached €31.3bn, down 21% from the 12 months to June 2017, but up 14% after discounting the hugely significant €12.25bn Logicor deal which took ...
Monday, 20. August 2018

Starhotels and PAI Fund sign agreement for new hotel

The A Compartment of the PAI-Parchi Agroalimentari Italiani Fund set up and managed by Prelios SGR has signed a framework leasing agreement with Starhotels for the new Fico Eataly World hotel in Bologna. The agreement sets out the commitments and structure of the operation until the date of completion of the hotel, and includ...
Friday, 17. August 2018

Lar España sells two retail assets in Pamplona to AEW for €11.5m

Lar España Real Estae Socimi S.A. has sold two big box stores on the Galaria retail park in Pamplona Fructiregions Europe, owned by the fund AEW, for €11.5 million. With this divestment, the SOCIMI achieves a revaluation of 36.9% in comparison with the acquisition price (8.4 million Euro). These two big box stores were acquir...
Thursday, 16. August 2018

Gaw Capital JV acquires Spanish boutique hotel brand Hospes

Hong Kong-headquartered realty private equity firm Gaw Capital Partners has acquired a 50% stake in Hospes Hotel Group, a Spanish boutique hotel brand. For the acquisition the company has formed a joint venture with investment firm Omega Capital. The cost of acquisition was not disclosed.
Wednesday, 15. August 2018

Sonae Sierra recorded a net profit of €58.9 million in H1 of 2018

Sonae Sierra recorded a net profit of €58.9 million in the first half of 2018, down from €64.2 million due to a decrease in indirect result. Ebit reached €51.8 million, a 3.7% increase over the previous year mainly due to improved Services turnover and margins. The improved performance from the European investment properties ...
Wednesday, 15. August 2018