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To support its planned USD500 million (c. €439 million) investment in the European housing market, CA Ventures has appointed Carlo Matta, who will head the new London-based European division of CA Ventures, and Olaf Henschen, who will serve as managing director for developments in the Netherlands.
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...
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...
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...
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.
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...
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...
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...
Corestate Capital Holding S.A. is launching a new investment program for its Club Deal clients, which will invest in value-add retail, office and residential buildings in mid-sized European cities.
Allianz has entered into a 50/50 joint venture with Tishman Speyer to develop a 56,652 sq metre office complex located in Las Tablas Madrid, Spain. The joint venture with Tishman’s value-add fund TSEV VIII will acquire 76% of the shares of project Monteburgos, alongside existing landowner Metrovacesa retaining a 24% interest ...
Neinver has appointed Vanessa Gelado, currently the Group’s Fund and Strategy Director, as Investment Director. In her new role, Gelado will combine her current responsibilities leading retail investments and strategy of the company with those of business development. She will be in charge of the company’s expansion strategy,...
Hines on behalf of the Hines European Value Fund (HEVF), has completed the acquisition of the SPV that owns Avenida Diagonal 177-183 or “Mediacomplex,” an office and television production complex in Barcelona, from a partnership between Rilson Inmuebles S.L. and Barcelona de Infraestructures Municipals, S.A. Hines’ Spanish te...
Lar España Real Estate SOCIMI S.A. has sold its logistics portfolio for €119.7 million. The portfolio comprises four logistics warehouses in Alovera (Guadalajara), one warehouse in the Juan Carlos I Business Park in Almussafes (Valencia) and one plot of land for a logistics development in Cheste (Valencia). Vendor of the port...
Union Investment has sold the Pórtico office building in eastern Madrid to a fund managed by a French real estate investor. Comprising some 21,000 sq m of space, the property was constructed in 2005 and includes 413 parking spaces. It was acquired by Union Investment in 2008 and held in the UniImmo: Deutschland portfolio. The...
A lack of office supply in the face of consistent office demand will be the main driver of above-average rental growth in Edinburgh in the next two years, according to the European Office Rental Growth Hotspots 2018 report from JLL. The report identifies ten markets in Europe set to experience supply-led office rental growth ...
LAR España has entered into a financing agreement worth €98.5 million to fund the construction and launch phases of the Palmas Altas retail and family leisure complex. This is the first time since 2007 that a retail property of this size has received bank financing. The seven-year loan was granted by Banco Santander, Banc Sab...
Increase in housing supply in Malaga is fuelling the commercial sector, as the city receives increased levels of domestic and international investment, according to the Visión 2018 report by Savills Aguirre Newman. According to the report, housing supply in the city increased by almost 24 percent in 2017 compared to 2016, wit...
Autograph Collection Hotels has opened the Eugenia de Montijo hotel, located in the heart of Toledo. Housed in the former palace of the Empress Eugenia De Montijo, from which the hotel takes its name, the hotel comprises 40 guest rooms and two luxurious bedroom suites.
