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Of almost $1 trillion spent on commercial real estate (CRE) globally in the 12 months to Q1 2019, one third involved cross-border investment. Canada, the US, Mainland China and Singapore were home to the leading cross-border buyers over this period.
Neinver has announced that sales across its outlet portfolio grew to €487m during the first half of the year, an 8% increase compared to the same period in 2018. The number of visitors to the 16-outlet-centre portfolio also rose by 3% to 21 million.
Starwood Capital Group has acquired portfolio of office buildings in Spain from US firm Oaktree Capital Management and German real estate management company Freo. The portfolio includes five office buildings, three of which are located in the city of Madrid, one in Barcelona and one in Alcobendas (Madrid), and has a total co...
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...
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 .
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.
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’...
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.
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.
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...
CBRE has struck a deal in Spain, selling the Travelodge at Valencia Airport for more than €15 million on behalf of Citygrove, equating to a net initial yield of approximately 5%. The hotel asset was sold to French investor, Perial AM.
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...
Cain International has significantly increased its European presence with a series of investments with a total estimated exit value of approximately €1bn.
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...
60 years since its inception, the European Union of Developers and House Builders (UEPC) has changed its name to become “Build Europe.” This change reflects a new vision and identity for Build Europe under the leadership of Marc Pigeon, its President since May 2018, and shared by its Members. Build Europe will focus its effor...
ASG has signed a deal to acquire and develop a new luxury hotel on the last available seafront plot in metropolitan Barcelona. The investment of more than €200 million includes the acquisition of the site beside the Fòrum beach and marina in Sant Adrià del Besòs, which is connected by subway and tram to Barcelona’s city cente...
Frankfurt-based developer the Domus Vivendi Group has started demolition work on the site of the future „Mío“ project in Palma de Mallorca. By mid-2021, a total of 184 modern micro and compact units and leisure space, with a total area of around 7,350 square metres, will be built on Calle Aragon in the Mallorcan capital. The ...
The partnership between Norges Bank Investment Management and Prologis has acquired seven logistics properties in Spain, the Netherlands and in the U.S. Three of the buildings are located in Orange County, California, two are in Barcelona, one in Madrid and one in Tilburg.
