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Southern Europe

Sonae Sierra selected for retail spaces of Chorus Life Bergamo

Sierra is pleased to announce a further step in its growth in Italy, inking a partnership with Chorus Life for the leasing of the retail area of the new model of the "City of the future” developed by Polifin Group and constructed by Costim.
Monday, 30. January 2023

Primevest takes over first residential Build-to-Rent project in Seville

Primevest Capital Partners took over the first residential Build-to-Rent project in Seville on behalf of a German pension fund on 21 December 2022. The property measuring 13,000 m² consists of three buildings with 125 residential units and has been developed in the style of a resort. These buildings will provide a new supply ...
Monday, 30. January 2023

Neinor Homes reaches annual guidance

Neinor reached its forecast for 2022 ((2,500-3,000 units) by handing over 1,195 houses in the fourth quarter. In total, the company delivered 2,743 houses last year. Following the inclusion of fourth-quarter deliveries, the company’s FY22 revenues surpassed €750mn.
Tuesday, 24. January 2023

M7 sells Forte 9 to a Portuguese developer

M7 Real Estate (“M7”) has sold the Forte 9 office building, formerly known as Cervejaria Lusitânia facilities, on Avenida do Forte in Carnaxide to Lusoproa, a Portuguese real estate developer.
Monday, 23. January 2023

Bomi Group moves into VGP Park San Fernando de Henares

VGP has leased a building in VGP Park San Fernando de Henares to the healthcare logistics operator Bomi Group, that has recently become part of UPS and is the current owner of Picking Farma. The total lettable space amounts to 27,578 square meters, divided between 25,291 square meters of warehouse and 2,287 square meters of o...
Friday, 20. January 2023

Memmo Hotels acquires Hotel Paul do Mar Sea View in Madeira

The Memmo Hotels'hotel group has recently acquired a hotel in Paul do Mar, Madeira. The former four-star 60-room Hotel Paul do Mar Sea View is located in the Calheta district. With this acquisition the Portugal portfolio grows to four locations.
Friday, 20. January 2023

Universal Beach buys the MySeaHouse Hotel Neptuno

Universal Beach Hotels has acquired the 114-room MySeaHouse Hotel Neptuno on the beachfront of Playa de Palma, in Mallorca. The hotel chain plans to invest €5-6 million to renovate the property. The renovation work is expected to take place in winter 2023/2024.
Thursday, 19. January 2023

Schroders Capital buys The Standard Ibiza

Schroders Capital has acquired The Standard Ibiza, a 67-room luxury lifestyle hotel located in the centre of Ibiza Town. This is Schroders Capital's fourth acquisition in the last 12 months in the luxury hotel sector in Europe.
Thursday, 19. January 2023

Melia Hotels unveil new location in Barcelona

Meliá Hotels International has signed a long-term agreement to manage the former Rey Juan Carlos Hotel in Barcelona. The hotel will be operated under the luxury Gran Meliá brand with the name „Miranda de Pedralbes“, a tribute to the residential area in which the hotel is located.
Thursday, 19. January 2023

Azora acquires 8 logistics assets in 2022 for €100m

Azora, which in 2021 created two vehicles of investment focused on last-mile logistics assets in Spain, has strengthened its position in the sector with the closing of its 8th deal, bringing the total investment in this segment to circa €100m, with a total built area of around 90,000 square metres.
Wednesday, 18. January 2023

Barings expands Italian logistics portfolio

Barings has completed the acquisition, through Italian real estate funds managed by Savills IM SGR, of two value-add logistics development sites in Italy on behalf of two different pan-European value-add funds.
Wednesday, 18. January 2023