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» Chronological View: " Spain " «

Real I.S. launches BGV VIII Europa fund

Real I.S. is launching the company’s new real estate special AIF, Real I.S. BGV VIII Europe. With the new fund, the company is thus continuing its successful series of Bayerische Grundvermögen (BGV) funds. The initial target volume of the diversified special AIF is around one billion euros. The fund will focus on investments ...
Tuesday, 12. June 2018

ICG makes €105 million investment in Eroski Spanish hypermarkets

Intermediate Capital Group (ICG) will invest €105 million in six Spanish hypermarkets. ICG has partnered with Inmobiliaria Armuco S.L., a real estate company 45% owned by Eroski, a food retailer in Northern Spain, to acquire five of its hypermarkets and one more completely owned by Eroski in a primary sale and leaseback trans...
Thursday, 31. May 2018

Meridia Capital acquires Madrid office asset for €26.5m

Meridia Capital Partners, acting through its real estate investment vehicle Meridia III, has acquired a 7,500 m² office building in Madrid for €26.5m. “We are very satisfied with this deal, as the asset has a great potential due to its excellent location and the value we can add by refurbishing it. This asset does not only re...
Wednesday, 30. May 2018

Habitat Inmobiliaria appoints José C. Saz as CEO

Habitat Inmobiliaria has appointed José C. Saz as the CEO and top executive of the company. Saz will focus on driving the company's growth in the country's property market through an active investment policy. Habitat aims at becoming one of the leading companies in the country´s real estate sector. With the appointment of Saz...
Wednesday, 30. May 2018

M&G Real Estate grows exposure

M&G Real Estate has invested a further €80 million in European commercial and industrial property, with the acquisition of two industrial and two retail assets in the country, made on behalf of the M&G European Property Fund managed by David Jackson and Simon Ellis. With a focus on prime real estate in core locations and with...
Wednesday, 30. May 2018

European student accommodation transactions up 29% year-on-year

The rising demand for global Higher Education continues to attract institutional capital to invest in European student accommodation with transactions up 29% year-on-year to some €13.6 billion across the continent in 2017, according to a new investment guide from Cushman & Wakefield. The firm’s latest Student Accommodation Gu...
Tuesday, 29. May 2018

Testa Residencial acquires 1.329 apartments from CaixaBank’s real estate subsidiary

Testa Residencial has acquired 1.329 apartments from BuildingCenter S.A., CaixaBank´s real estate subsidiary, for a price of €207 million. This represents more than 90% of the assets included in the agreement signed last March between the two parties. The remaining 129 apartments will be acquired for an amount of €21 million ...
Friday, 25. May 2018

Investor appetite for commercial real estate undiminished in Europe

The European real estate market is still going strong, with cities like Amsterdam, Berlin, Frankfurt and Paris leading the way, according to RICS' quarterly Global Commercial Property Monitor. When it comes to international hubs such as New York, Dubai and Shanghai, most respondents to RICS’ survey believe business shows sign...
Thursday, 24. May 2018

Axel Hotels adds two new projects to its expansion plan

Axel Hotels will continue its international expansion plan by opening two new hotels in 2019: Axel Hotel Valencia and Axel Hotel Donosti (San Sebastián). Both properties are scheduled to open their doors in the first half of 2019 as part of the company’s expansion plan, which includes plans to open 10 hotels in the next four ...
Wednesday, 23. May 2018

Amro RE seeks partner to target student housing across Southern Europe

Amro Real Estate Partners is expanding its reach across southern Europe to capitalise on the potential of the purpose-built student housing market in Spain and Portugal. CBRE Spain have been appointed to seek a joint venture partner for a capital investment of €300m to access the full potential of the market in Iberia. Amro h...
Tuesday, 22. May 2018

Axa IM completes largest Madrid office letting since 2013

AXA Investment Managers - Real Assets has agreed a 37,800 sqm letting to Everis, the multinational consulting firm, at the Novus Building, Fuente de la Mora 1, in Madrid. It represents the largest office letting deal since 2013 in Madrid (source: Savills Aguirre Newman).
Thursday, 17. May 2018

Sonae Sierra's net profits slip as sales gains fall

Sonae Sierra recorded a net profit of €15.3 million in the first three months of 2018, compared to the €15.9 million reached in the same period of last year, impacted by lower gains on the sale of investments in 2018. EBIT was at €27 million, up by 8% year-on-year thanks to the European portfolio’s improved performance as wel...
Monday, 14. May 2018

Axactor signs four outsourcing contracts

Axactor Spain has added two new outsourcing contracts providing debt collection services for two of the largest financial institutions and one contract with a substantial real estate service provider in the country. The combined annual contract value is €2.6m across all four contracts. The existing contracts are for 12 months...
Monday, 14. May 2018

Intu rebrands Spanish shopping resort

Intu has rebranded one of its largest shopping resorts. Located in Zaragoza, northern Spain and occupying over 206,000 sq m, Intu Puerto Venecia broke the mould when it opened in 2012 by combining a comprehensive retail mix with extensive leisure activities all centred around a lakeside environment. iThe shopping centre is ...
Friday, 11. May 2018

CMS promotes seven real estate lawyers to partner

CMS has promoted seven new partners in the firm's real estate group, with the London team welcoming three new partners. Across the firm, CMS has promoted 47 to partner in 23 of its offices globally. Over 38% of these promotions are women, spread across 11 countries including Austria, Colombia, France, Germany, Peru, Poland, P...
Friday, 4. May 2018

Golden Tree buys Bankia' portfolio of €300 million

The US fund manager Golden Tree, which manages debt amounting to approximately €25,500 million, has just entered in Spain, buying a portfolio of €300 million in distressed assets of Bankia SA. According to Spanish press, the deal has been completed under the name „Project Giants“ and follows last year's sales. There, the nati...
Friday, 4. May 2018

Metrovacesa sells tertiary-use plot in Barcelona for €22m

Metrovacesa has sold a 17,000 sqm plot in Barcelona, located in the 22@ district of the Catalan Capital, to the developer La Llave de Oro for €22 million. The land is located between the streets "Las calles Sancho de Ávila, Almogavers, Pamplona and Alaba. The company has closed the sale after completing the urban planning man...
Monday, 30. April 2018