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Spain

Round Hill agrees first Spanish student housing development deal

Round Hill Capital has closed a deal to acquire a 12,800 sq m site for its first PBSA development in Spain. Located in the Aravaca district of Madrid, the 500-bed scheme will bring much needed high-quality student housing to the city. Construction is set to start in 2021 and the development is scheduled to be ready for occupa...
Wednesday, 20. January 2021

Antònia Galmés joins Monereo Meyer Abogados

Monereo Meyer Abogados continues to strengthen its team, now with its newest hire, lawyer Antònia Galmés, in the Real Estate Department, which includes 12 of the firm’s lawyers.
Thursday, 14. January 2021

Which European countries have the highest rates of property renting?

Culture impacts everything in day-to-day life, from food to housing choices. Although within one continent, European countries differ significantly – and this includes their views on housing habits. In the UK, renting is often seen as less favourable and every UK resident appears to be in a rush to get onto the property ladde...
Tuesday, 5. January 2021

Grosvenor acquires office building in Méndez Álvaro from UBS

Grosvenor Europe has acquired an office building in Madrid, within the Méndez Álvaro neighborhood, from UBS (D) Euroinvest Immobilien. The German open-ended real estate fund managed by UBS Real Estate GmbH acquired the property in 2018 #link(46448)#.
Monday, 4. January 2021

Kennedy Wilson and GIC enter into ~$1bn urban logistics JV

Kennedy Wilson and GIC, Singapore’s sovereign wealth fund, have entered into a joint venture to acquire and manage urban logistics properties in the UK, with the potential to expand into Ireland and Spain.
Thursday, 31. December 2020

UBS AM acquires c. €52 million prime CBD Madrid office

UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) business has acquired a prime office building in the centre of Madrid for a total of c. €52 million. The property was purchased from real estate funds managed by Blackstone on behalf of the UBS (I) Zurich Italy – Real Estate Fund (UBS-ZIREF) and marks the firs...
Monday, 14. December 2020

Panattoni rents 27,000 sqm turnkey to Leroy Merlin in Madrid

Panattoni and Leroy Merlin, the French multinational specialized in DIY, construction, decoration and gardening with operations in 13 countries, announced today the signing of an agreement for the development and rental of a turnkey building of 27,200 square meters, within a total area of 44,100 m2, in the industrial complex ...
Thursday, 10. December 2020

Thor Urban Link acquires €25.2 million Madrid logistics portfolio

Thor Urban Link has acquired prime last-mile logistics portfolio in Valdemoro south of Madrid, a 31,000 m² asset in addition to 7,500 m² of new development. Thor has purchased the assets through an off-market opportunity to purchase a high-quality asset from a private seller. This transaction follows the recent acquisition of...
Wednesday, 9. December 2020

Redevco finishes transformation of Parque Corredor Shopping Center in Madrid

Redevco finished the large-scale renovation of Parque Corredor in Madrid. The construction works, which started a year ago, have been completed ahead of schedule despite the extensive measures issued by the Spanish government in response to COVID-19. More than 300 workers continued building works in shifts during the so-calle...
Monday, 7. December 2020

Thor Urban Link buys Barcelona logistics sites

Thor Urban Link, a division of Thor Equities Group, has announced the acquisition of a premier last-mile logistics portfolio in Barcelona, a 14,000 square meter development site including assets in Castellbisbal, one in Sevilla and El Prat. Total purchase price of the portfolio was €12.5 million, requiring total equity amount...
Friday, 4. December 2020

GLP leases 37,000 sqm development in Illescas to DHL

GLP has leased its first facility in Spain to DHL Supply Chain. DHL is a long-standing customer of GLP’s across Europe, China, Japan, India, Brazil and the US. DHL will in turn manage the logistics for Zalando in Spain.
Tuesday, 24. November 2020

LaSalle acquires residential property in prime Madrid district

LaSalle Investment Management (LaSalle) has acquired a six-storey residential property in the AZCA financial district of Madrid. The asset has been acquired from Optimum III Value Added Residential SOCIMI, a residential property investment fund, on behalf of a LaSalle client.
Monday, 23. November 2020

Panattoni to develop a new logistics project in Barcelona

Panattoni has announced the acquisition of 46,920 m² plot of land that will be used for the development of a logistics project in the municipality of Castellbisbal, Barcelona. This will be their first project in Catalonia and will be able to adapt to meet market demand by developing either a warehouse building of 18,000 m²; o...
Thursday, 19. November 2020