Southern Europe

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.

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...

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...

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...

In February, Aedas Homes and the US fund King Street have signed an agreement to invest up to €270 million in the residential market in Spain.

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.

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.

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 ...

RE Capital has acquired a site in Cascais, Lisbon, and achieved the construction license (planning permission) that will enable it to develop 14 high-end apartments with a GDV of €40 million.

Coima SGR has secured €50m from CDP Real Asset for the transformation of the 2026 Olympic Village into Italy's largest purpose-built student accommodation development.

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...

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...

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.

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...

DRC Savills Investment Management has provided a senior loan to re-finance Coliseo Europea, a 406-bedroom Purpose-Built Student Accommodation (PBSA) development in Madrid owned by Princeton Investments (Princeton).

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.

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.

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.