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» Chronological View: " Southern Europe " «

Movement on Madrid’s office market

In recent days, further transactions have become made known on the Spanish capital’s office market: ING has sold its office building in Las Rozas Business Park to Barings, Signal Capital Partners is selling its office property „Agustín de Foxá 25“ in Castellana North District, and Santander wants to buy back the former Quinla...
Monday, 15. July 2019

AEW acquires Spanish office portfolio on behalf of EVI II

AEW, on behalf of AEW Europe Value Investors II (EVI II), has acquired a portfolio of four office assets located in Madrid and Barcelona with a total GLA of over 25,000 m². This is the second investment for the fund following the recent acquisition of a Munich office building in May 2019 .
Thursday, 11. July 2019

Delin Capital enters Spanish logistics market

Delin Capital Asset Management to announce the acquisition of a logistics development site, located in Alcala de Henares, 35 kilometres east of Madrid. The transaction was Delin’s first in Spain, a market characterised by an undersupply of high-quality logistics space and rapidly growing e-commerce penetration.
Thursday, 11. July 2019

AEW acquires mixed-use redevelopment in Barcelona

AEW has agreed the forward purchase of a mixed-use residential-retail property at 59 Via Augusta, in the Sarria-Sant Gervasi district of Barcelona. The asset has been acquired from EuroStone, a Spanish Residential investment company, and has been made on behalf of a private German pension fund mandate. The acquisition is AEW’...
Wednesday, 10. July 2019

Árima acquires Sonae HQ in Madrid

Madrid-listed Socimi Árima announces the completion of new property acquisition, allowing it to continue to create a balanced portfolio in line with its business strategy, consisting of purchasing properties at competitive prices with strong long-term potential value uplift. The purchase price was not disclosed.
Wednesday, 10. July 2019

Patrizia to invest in Lisbon

Patrizia AG has acquired a landmark hotel development, Tagus Square, in Lisbon from a private individual on behalf of a German pension fund. The asset will be transformed into a brand new luxury 4-5 star c. 6,200 sq m hotel with over 100 rooms. Tje investment manager is in discussions with a number of potential hotel operator...
Monday, 8. July 2019

Aberdeen buys Torre Auditori from Iberdrola for €98m

Aberdeen Standard Investment has acquired the office building Torre Auditori in Barcelona for €98m on behalf of its Aberdeen Balanced European Property Fund. The fund’s managed assets now exceed €1 billion.
Friday, 5. July 2019

Netherlands-based MVGM acquires JLL's continental European property management

Dutch-based property manager MVGM and JLL have reached an agreement for MVGM to acquire JLL’s Continental European property management business, including some specialist shopping centre management teams and capabilities, creating a pure-play property manager with a pan-European footprint. The transaction is expected to close...
Thursday, 4. July 2019

Invesco secures two Italian hotel developments for €160m

Invesco Real Estate has secured two hotel developments on a turn-key basis in Florence’s historic city centre at Piazza San Paolino and in CityLife Milan, near the Portello business district, for €160m. Both hotels will be operated under long-term lease agreements with strong internationally recognised brands. The deals add a...
Thursday, 4. July 2019

IGD signs binding agreements for the sale of assets

IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. announces that on 28 June 2019 it signed binding agreements with a premiere international real estate player involving: • the sale by Porta Medicea Srl (a wholly-owned subsidiary of IGD) of “Palazzo Orlando”, an office building in Livorno, for €8 million (in addition to ta...
Monday, 1. July 2019

LaSalle acquires six properties in Spain for €73 million

LaSalle Investment Management acquired a portfolio of six properties of MAKRO Spain from Metro Properties, the real estate company of Metro AG, as part of a sale-and-lease-back transaction. The portfolio was acquired on behalf of French public service pension scheme ERAFP for €73 million. The transaction was closed in June 2...
Monday, 1. July 2019

Invesco completes Portugal's largest ever hotel real estate transaction

Invesco has acquired three hotels in Lisbon on behalf of an open pan-European hotel fund and a separate account mandate of a German pension scheme for a total investment of €313m. The acquisition for these two mandates marks the largest ever hotel real estate transaction in Portugal. The deals add an additional country to Inv...
Thursday, 27. June 2019

Värde Partners acquires prime office building in Porto

Värde Partners has acquired Burgo Tower, a grade A office building located in Porto. Built in 2007, the building was designed by renowned architect Eduardo Souto de Moura and has a gross lettable area of over 16,000 square meters. The multi-tenant office building will be managed through, a Portuguese asset management platform...
Tuesday, 25. June 2019

Gran Via Shopping Centre welcomes Ikea concept store

Europa Capital has fully let Gran Via Shopping Centre in Alicante by partnering with Ikea to provide a 110m² concept store branded “Ikea Design” that will enable clients to design their own personalized home projects together with IKEA experts directly in the store. Acquired by Europa Capital in 2017, this latest letting foll...
Tuesday, 18. June 2019

Hines and PGGM invest in Via Della Spiga 26 in Milan

The Milan value-add joint venture between Hine and PGGM has completed investment into Via della Spiga 26 in Milan, via a real estate fund managed by Savills Investment Management SGR SpA. The asset was previously owned by an institutional real estate fund managed by Invesco in partnership with Thor Equities, and was historica...
Friday, 14. June 2019