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Catella Asset Management Iberia acquired a 5,800 m² office building in Felipe II street in Barcelona. The transaction has reached an investment volume of €17 million and has been executed on behalf of German fund „Sarasin Sustainable Properties European Cities“ managed by Catella Real Estate AG. The seller was an investment f...
There is currently no shortage of apocalyptic scenarios when it comes to the “bricks and mortar” retail sector. A weaker economy and increasing signs of a cyclical downturn are providing ammunition for the prophets of doom rather than arguments for investors looking to buy. At a time when entire markets and sub-sectors are be...
Catella European Residential I (CER I), launched in 2007 as the first institutional property fund to invest specifically in residential assets across European markets, has raised €90 million in just one day from existing investors. Berlin-based investment advisor Catella Residential Investment Management (CRIM) will place the...
Cofinimmo settles in Spain with a first pipeline of five construction projects in healthcare real estate. The total investment budget for both the plots of land and works amounts to €45 million. The projects are already pre-let to one of Spain’s major operators.
Savills Aguirre Newman continues to consolidate its presence in Spain with the opening of an office in Valencia. This office sits alongside three others in Madrid, Barcelona and Malaga and will offer a range of services on both the transactional and non-transactional side including advisory on retail, hotels, residential, and...
Global online retail marketplace AliExpress has opened its first physical AliExpress store in Europe at Intu Xanadú shopping center in Madrid. The store, a collaboration between AliExpress and Chinese retailer D.Phone opened on 25 August.
Take up in Madrid’s office market reached 355,800 sq m in H1 2019, the highest figure recorded in 12 years and up 24.6 per cent compared with the same half of 2018, according to latest figures from Savills Aguirre Newman.
Henderson Park bought the Aloft Madrid Gran Via hotel, which is operated by Marriot. The newly constructed 139-room 4 star hotel opened to guests in May 2019.
Prime residential rental growth across leading world cities slightly picked up pace during the first half of 2019, rising 0.9% to take average year on year growth to 1.3%. This continues a four-year long pattern of low level, but steady increases, resulting in the first uptick in average yields since late 2014 as capital valu...
Despite the total commercial real estate investment in Europe declining 7.8% year-on-year in the twelve months to Q2 2019, hotel investment saw an increase of 5.3% over the same period, totaling €24.3bn, according to the latest data from global real estate advisor, CBRE.
Prologis is once again on a shopping spree. The logistics real estate company has signed an agreement with Spanish REIT Colonial to acquire 18 logistics buildings totalling 473,000 square metres. The buildings are in some of Spain’s core logistics markets, including Madrid, Barcelona and Guadalajara.
SafeGuard Real Estate Management has struck a major deal, selling The Aloft Madrid Gran Vía for more than €57m. The hotel asset was sold to Henderson Park, with the vendor being advised by CBRE.
Barings has provided, on behalf of one of its managed accounts, a €40 million senior construction loan to finance the development of a retail park in Dos Hermanas, located outside of Seville. The 36-month loan, which has been provided to a joint venture between Kronos Investment Group and a global investment management compan...
Barcelona has closed the best first half year in history for office leasing, with take up volumes standing at 248,000 sq m, 18.4% more than the same period in 2018. Figures from Savills Aguirre Newman show that take up rates are approaching the average volume for an entire year. The international real estate advisor believes ...
Real I.S. AG has acquired the “Avenida Diagonal 67” office building in Barcelona for its open-end real estate special “Real I.S. BGV VIII Europa” AIF from a local family office. The parties have agreed to keep the purchase price confidential.
Deka Immobilien has sold Ballonti shopping centre in Bilbao. CBRE acted as the sole agent advising the German real estate management firm and also advised the buyers, Bilball Centre Investments and Ballon Investments on the financing side.
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.
