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» Chronological View: " Southern Europe " «

Henderson Park and Hines acquire 750-bed student housing development in Barcelona

Henderson Park and Hines have completed the acquisition of a site to develop a 750-bed student housing project in Barcelona. This is Henderson Park and Hines’ second student accommodation investment together following an earlier project in Lancaster, UK, and forms part of their joint venture to pursue value-added opportunitie...
Monday, 13. August 2018

Europe’s commercial real estate investment slows in the first half of 2018

Investment in European commercial real estate slowed in the first half of 2018 as high prices were among the factors that led investors, including sovereign wealth funds and U.S. institutions, to scale back their direct property acquisitions, research by Real Capital Analytics (RCA) shows. Transactions completed in January th...
Wednesday, 8. August 2018

Altamar appoints Elena González and Marta Utrera as co-COOs

Altamar Capital Partners has reinforced its management team by appointing Elena González and Marta Utrera as co-chief operating officers. They will directly report to the company's founding partners and co-CEOs Claudio Aguirre and José Luis Molina. Its top management is additionally formed by Inés Andrade, Vice-Chairman and M...
Wednesday, 8. August 2018

CBRE GI acquires shopping centre Campo dei Fiori

CBRE Global Investors has acquired the shopping centre Campo dei Fiori located in Gavirate (70 km North of Milan), on behalf of SanZeno fund. The seller is Iniziativa Gaviratese S.p.A. The shopping centre comprises of approx. 21,350 GLA sqm, and was constructed in 2001. The centre consists of five levels and is connected to a...
Tuesday, 7. August 2018

Hines and Blue Noble invest in second student housing development in Milan

Hines has made its second entry into the Italian student housing market, with the acquisition of a site near Bocconi University, Milan, to develop a 650-bed accommodation facility. The investment is part of a joint venture between Hines and Blue Noble, an independent real estate investment management company. The acquisition ...
Tuesday, 7. August 2018

Axactor acquires an unsecured NPL Portfolio

Axactor has managed to close with Sareb the purchase of the „Navia“ project, an unsecured portfolio with an outstanding balance of approximately €2.3 billion and with close to four thousand cases. This portfolio is by volume the largest acquisition that Axactor has made in the country, but with a relatively low Capex investme...
Monday, 6. August 2018

Masterplan for Valencia arena revealed

Licampa 1617 has revealed a masterplan for a new arena designed by sports architecture firm HOK and local architecture practice ERRE. The new arena is aimed to be a destination for music, arts, culture, and sporting events. Valencia Basket’s new home will be attached to the stadium.
Friday, 3. August 2018

Corestate acquires student residence project in Sevilla

Corestate Capital Holding S.A. acquired a 413 unit student housing project in Seville in southern Spain for private investors as part of a Club Deal. Construction of the project started in June 2018 after the investment manager had won a €19.8m loan on a 5-year basis from a debt fund advised by LaSalle Investment Management f...
Friday, 3. August 2018

Savills Larry Smith appointed to manage and re-let Il Gialdo shopping centre in Chieri

Savills Larry Smith has been awarded the mandate to manage and re-let Il Gialdo Shopping Centre in Chieri, near Turin. The 14,400 sq m shopping centre, which opened in 2011, comprises 35 shops, including Deichman, Troni and Heineken alongside an Ipercoop supermarket. Located just 2km outside the city’s central Piazza del Duom...
Wednesday, 1. August 2018

M7 sells two industrial assets in JV to family offices for €8 million

M7 Real Estate has sold two multi-let industrial assets, Parque Tagus and Parque Jamor, in its joint venture with a US-based investment manager to family offices for a total of €8 million. The properties, which comprise around 22,000 sqm, are situatted in the country’s western corridor outside of Lisbon. M7 acquired the two a...
Wednesday, 1. August 2018

Merlin Properties acquires Blackstone's Almada Fórum for €406.7 million

Merlin Properties has completed the acquisition of Almada Fórum from Blacksone for €406.7 million. The deal, which was fully financed through Merlin’s equity, values the entire Rio Tejo portfolio at over €900 million, thus making it the largest-ever portfolio transaction in the country. The portfolio originally comprised thre...
Wednesday, 1. August 2018

Morzal Properties acquires four shopping centres from Unibail for €489m

On July 31, 2018, Unibail-Rodamco-Westfield (URW) disposed of four regional shopping centres in Spain to Morzal Properties Iberia S.L. The total transaction cost is €489m and represents a net initial yield of 5.6%. Morzal Properties is part of the South African fund Vukile, which has signed an agreement for the acquisition of...
Wednesday, 1. August 2018

Encore+ acquires Spanish Metro portfolio for €86m

Metro Properties, the real estate entity of Metro AG, sold parts of the real estate portfolio of Makro Spain as part of sale-and-lease-back transaction. LaSalle Investment Management, on behalf of Encore+, acquired the wholesale and office space of three properties in Madrid. The sales price was 86 Million Euros. Makro has s...
Tuesday, 31. July 2018

AXA IM Real Assets acquires retail asset in Bologna from UBS

On behalf of CNP Assurances, AXA Investment Managers Real Assets has completed the acquisition of the high-street retail asset „Via Rizzoli 16/18“ in the historical city centre of Bologna for an undisclosed sum. Seller is UBS Real Estate GmbH's special property fund UBS (D) Core Opportunities Europe, which acquired the prope...
Monday, 30. July 2018

Coima SGR purchases the Valtellina-Farini Railway Yard

Coima SGR, on behalf of Italian and international institutional investors, has purchased from the Olimpia Investment Fund, which is wholly-owned by Kennedy Wilson and managed by Savills Investment Management SGR S.p.A., the Via Valtellina. According to Kennedy Wilson the purchase price is €69.5 million, reflecting a gross ini...
Thursday, 26. July 2018