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Southern Europe

Summum Hotel takes over management for hotel near Toledo

Following a structured operator search process for the hotel, Christie & Co's investment team has formalised a lease agreement with Summum Hotel Group. From May 2024, the group will take over the management of the establishment. Villa Nazules Hotel Hípica Spa is located 25 kilometres from the city of Toledo, in a natural sett...
Wednesday, 6. March 2024

Castello SGR invests in Poltu Quatu €70m

Castello SGR, on behalf of its GEM fund, has purchased the Grand Hotel Poltu Quatu in northern Sardinia from Pulcini Group. The price of €70 million included the luxury hotel and approximately 100 residential units.
Tuesday, 5. March 2024

Covivio acquires 8.3% Generali stake in Covivio Hotels subsidiary

Covivio signed an agreement to acquire the 8.3% stake in Covivio Hotels held by Generali, in exchange for new Covivio shares. This transaction, which represents the equivalent of the acquisition of €500 million of assets and a capital increase of nearly €300 million, marks a major step in the reinforcement of Covivio in the h...
Tuesday, 5. March 2024

Savills promotes 15 new directors

Savills has announced the following promotions within its Europe and Middle East business, which took effect from 1 March 2024. The promotions will see 14 people moving up to director level, one to divisional director and 33 to associate director level.
Monday, 4. March 2024

IGD signs agreement for sale of retail portfolio

IGD SIIQ S.p.A has signed an agreement with Sixth Street, controlled affiliates of Starwood Capital and Prelios SGR S.p.A. for the sale of a portfolio of 13 assets for €258 million, consistent with the book value as of 31 December 2023. The transaction is expected to close by April 2024.
Thursday, 29. February 2024

Primonial REIM founds Spanish subsidiary

As part of its international expansion, the investment manager has founded a subsidiary in Spain. Primonial REIM Spain is headed by Felipe Pérez Agustín. He has been working for the company as Asset Manager for Spain and Portugal since mid-2023.
Thursday, 29. February 2024

Árima acquires MSD headquarters in Spain

Árima has reached an agreement to acquire the current headquarters of the multinational biopharmaceutical firm MSD, which will relocate to the Botanic building as part of the same deal. This deal will see the Socimi acquire an office building with strong uplift potential in a consolidated area of Madrid. The Company plans to ...
Wednesday, 28. February 2024

Colliers expands profile in Andalusia by opening Marbella office

Colliers has expanded its profile in Andalusia and the Costa del Sol by opening a Marbella office. This expansion reflects the company's growth strategy in the luxury residential market, reinforcing its business leadership in high-end residential and Branded Residences commercialisation, and in response to growing market demand.
Wednesday, 28. February 2024

Deka buys Italian Deloitte headquarters from Ardian

Deka Immobilien has acquired the Italian headquarters of Deloitte. The auditors only inaugurated the historic Veneto 89 building in January. Ardian and Prelios SGR, on behalf of Areef Sicaf S.p.A, extensively renovated the property last year and have now successfully placed the Trophy Asset Trophy in the historic center of Ro...
Tuesday, 27. February 2024

Invel appoints Stamatis Sapkas as a Partner

Invel Real Estate has appointed Stamatis Sapkas as a Partner. Stamatis will have a strategic role focused on origination and the successful implementation of the firm's business plan.
Monday, 19. February 2024

REAM SGR acquires former Golden Palace Hotel in Turin

REAM SGR, on behalf of the real estate fund Geras 2, has acquired the former „Golden Palace Hotel“ located in the heart of the city of Turin. The former five-star hotel has a total area of 20,600 m². According to regional newspapers, the purchase price is around €36 million.
Tuesday, 13. February 2024

12.18. AM purchased Hotel Club Santa Ponsa in Majorca

As part of a strategic partnership with an international investment fund, 12.18. Asset Management, headed by managing directors Henri Leyer-Pritzkow and Adrian Lindner, has signed the purchase agreement for the Hotel Club Santa Ponsa in a prime location in the west of Mallorca.
Friday, 9. February 2024