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Southern Europe

Azora acquires Spanish asset portfolio from CBRE IM

Azora, through two logistics vehicles it manages, has acquired an asset portfolio valued at 91 million euros previously managed by CBRE Investment Management. The portfolio consists of 11 assets totaling 193,000 square meters, financed by a loan of up to 54.9 million euros. These assets are located on the A2, the main logisti...
Monday, 25. March 2024

Italian house buyers prefer metropolitan lifestyle

Savills launched its New Build Survey Italy, collecting responses from clients who contacted them with an interest in newly built properties. Most respondents (82%) wish to buy in a city market, preferring the metropolitan lifestyle, with a focus on the cities of Milan, Rome and Florence.
Friday, 22. March 2024

ECE achieves full occupancy in Parque Principado

ECE Marketplaces has successfully completed the restructuring of a former hypermarket space in the Spanish shopping center „Parque Principado“ in Ovideo. The space has been let to several popular tenants, and thus, the center is again fully let. Following the hypermarket's departure in 2022, the modernized space of around 12,...
Friday, 22. March 2024

Eurofund take control of Oasiz Madrid

Following a change of control of Carlotta SL, which owns the Oasiz shopping centre in Madrid, Eurofund will implement an investment of up to €20 million of capital expenditure at the centre.
Friday, 22. March 2024

Logicor and Kryalos acquire site in Tuscany

Logicor and Kryalos SGR have announced the acquisition of a c.63,000 sqm site in Quarrata, Florence, for the development of a new c.23,000-square-meter GLA hub in Tuscany.
Thursday, 21. March 2024

Esade to open new campus in Madrid

Esade, advised by Savills, has agreed a new lease at 3 Calle Valle de la Fuenfría in Mirasierra, Madrid from Saint Croix Holding Immobilier. The architecture team, part of occupier solutions, has also been appointed to design the 4,800 sq m campus which will be a hub for Esade Executive Education in Madrid.
Wednesday, 20. March 2024

ASLI increases lease income in Getafe with new letting

Abrdn European Logistics Income has agreed an immediate lease surrender with Arrival for the 27,000 sqm of warehousing it previously rented in Getafe, Madrid. Reflecting the ongoing demand for Grade-A, highly sustainable logistics space in Spain, ASLI has now agreed a new lease for 5,131 sqm of the space, at a rent 8.7% above...
Wednesday, 20. March 2024

Redevco and SFP launch Iberian hotel joint venture

Redevco and Swiss Finance & Property Group (SFP Group) have formed an Iberian hotel Joint Venture. Following a first close, a fund managed by SFP has indirectly taken a majority stake in 'Next Gen Stays,' currently comprising a seed portfolio of six assets in Portugal and Spain in the Lisbon, Porto, Bilbao, Malaga and Seville...
Wednesday, 20. March 2024

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